Analysts: unemployment will decrease once GDP growth reaches 3.5%
The Czech Press Agency reports that the domestic economy can expect only slight growth over the coming years due to the high level of unemployment. Analysts addressed by the agency calculated that the economy will only be able to create a sufficient number of jobs once economic growth reached the level of around 3.5%. Unemployment in the Czech Republic neared 10% in February of this year. Economists expect growth of between one and two percent over the year to come.