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Investor Presentaiton

2 (Winter 2015 estimates) European Economic Forecast²: 2016 2017 GDP growth 2,3% 2,7% Inflation to remain below 0,4% 1,4% Unemployment rate to de- from to cline moderately 4,8% Public budget deficit to decline from -1,1% of GDP to -1,0% of GDP Indebtedness of the general government sector (gross public debt) to decrease from an estimat- ed 40,7 % of GDP 4,7% to 40,1% of GDP In the European Economic Forecast, the Czech Republic is praised for its progress: ― in increasing growth-enhancing expenditures; - strengthening the fiscal framework; - developing public employment services; - in improving tax compliance, pension and healthcare reform; ― in enhancing the inclusiveness and quality of education; - in reforming regulated professions and public administration; - public debt below the 60% of GDP threshold. http://ec.europa.eu/economy_finance/eu/countries/czech_republic_en.htm 17
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