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Not only will government spending be a .pps direct drag on economic growth in , but this policy action Links of London depress private consumption growth due to the expected negative effect on government payrolls with unemployment likely to remain relatively high. Furthermore, we expect Czech Austerity To Weigh On Tepid Labour Market Recovery export growth to moderate as the regional and global economy Czech Republic Unemployment Rate, Job Vacancies, s cools. Indeed, we expect net exports to make no contribution to growth, as compared with a .pps contribution in .This will, in our view, cap Links of London Back to SchooL Chubby Red PenciL Charm extent to which exporters take on Czech workers, thereby again limiting gains in private consumption. Overall we forecast that private consumption will contribute .pps and .pps in and respectively well below the .pps average contribution made in the five year period of . Source , CNB One positive note from the Watch For A Dip In government’s firm commitment Czech Republic Real GDP Growth By to swiftly correcting its fiscal Expenditure, pps contribution overspend will be, in our view, investor confidence in both the sovereign and the wider economy. This in turn should help to bolster privatesector gross fixed capital formation as capacity becomes tighter through H and , as firms will be less concerned about Links of London Bee Charm macroeconomic volatility and additional taxation in the years to come. While the government will likely take an axe to its own capital investment, we forecast Source , CSO that privatesector gross fixed capital formation will prove a brighter note in real GDP, contributing .pps to the overall growth figure. That said, this remains a rather lacklustre performance as compared with the .pps average contribution made in the fiveyear period of , helping to ensure the Czech economy fails to regain the impressive growth momentum seen prior to the global financial crisis. Industry Forecast Scenario Consumer Outlook Consumer spending remains Not Supportive Links of London Black And Gold F riendship Bracelet Premiumisation weak in the Czech Republic, Czech Republic Retail Sales change yoy with a combination of elevated unemployment and fiscal austerity measures being two of the key forces depressing household expenditure.