Czech Republic’s state debt increased to CZK 802.5bn at the end of 2006 as confirmed by detailed statistics of Ministry of Finance published today. Debt is financed by bonds (73%), treasury notes (11%) and the rest are direct loans. For the last year state debt increased by CZK 111bn and reached 25% of GDP.
Inflation in eurozone countries is under control and inflation pressures do not represent any kind of problem as well. On the other hand, eurozone, compared with USA, remains less flexible economy, according to ECB president Jean-Claude Trichet.
World economy should increase its GDP by 4.9% this year and the same growth should maintain next year, as stated in the spring outlook for world economy published by IMF.
Consumer prices in Poland increased by 0.3%. Inflation increased to 1.9% y/y from 1.6% in January.
German government approved plan for lowering corporate taxes. Tax from corporate income should decrease to 30% as of next year from current 39%.
US current account deficit increased to a record USD 856.7bn in 2006 from USD 791.5bn in 2005. In relation to GDP it reached 6.5%.