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The Czech Republic has the most stable economy in the European Union

According to this year’s Allianz Euro Monitor survey, the country again surpassed Germany

05.04.2018
The Czech Republic has the most stable economy in the European Union

According to the Allianz Euro Monitor economic survey, which annually measures the economic stability of European countries on the basis of twenty indicators in four key categories, the Czech Republic has the most stable economy in the European Union. The four categories are fiscal sustainability, international competitiveness, employment and productivity, and private and foreign debt.

The study indicates that the Czech Republic exhibits stable and very strong growth. Like last year, the Czech Republic surpassed Germany, which placed second in the survey. Neighbouring Austria received the eighth-best evaluation; Slovakia placed 16th. France ranked last overall.

The main factors in the Czech Republic’s outstanding performance are its very low ratios of private and public debt and the extraordinarily positive situation on the labour market. The unemployment rate is currently below 3%. The number of persons employed rose by 1% in 2017; productivity increased by nearly 2.7%.

More information is available on the Allianz website.