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The Czech Republic is a landlocked country in Central Europe. The country is bordered by Germany to the west, Austria to the south, Slovakiato the east and Poland to the north. Its capital and largest city, with 1.3 million inhabitants, is Prague. The nation and its economy, however, are expected to ride through the rough patch on the virtue of its pace of economic growth and huge potential in sectors such as energy, automotive, and retail. Rebound in the growth of exports will further sustain economic growth. In 2006, the Czech Republic became first former member of the Comecon to achieve the status of a developed country according to the World Bank.
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In addition, the country has the highest level of human development in Central and Eastern Europe, ranking among the top 30 nations in the world. The Czech Republic ranks as the 9th most peaceful country in Europe, while achieving the best performance in democratic governance and infant mortality in the region. It is a pluralist parliamentary representative democracy with membership in the European Union, NATO, the OECD, the OSCE, the Council of Europe and the Visegrad Group. The export-oriented economy of the Czech Republic is witnessing somewhat of a slowdown due to the European economic crisis. To know more about impact of COVID-19 pandemic on Czech Republic economy please reach our blog post titled Economic Impact of COVID-19 on Czech Republic and its Policy Response.
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PESTEL Analysis, SWOT Analysis and Risk Analysis of听Czech Republic
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Czech Republic听PESTEL Analysis
This report covers听Czech Republic's PESTEL (political, economic, social, technological, environmental and legal) analysis.
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Czech Republic听SWOT Analysis
This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for听Czech Republic.
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Czech Republic听Risk Analysis
This market research report covers current and future business risk analysis for听Czech Republic听along with macroeconomic factor analysis.
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