News from 2017-09-22 / KfW Research
Labour market in the Czech Republic sets standards
No other EU country has an unemployment rate as low as the Czech Republic. Even in times of cyclical downturns, our neighbouring country’s labour market exhibited astonishing resilience. The causes are manifold: The Czech Republic has a very efficient education system and a strong manufacturing industry that is capable of employing a very large workforce. In addition, recent large increases in expenditure on research and development are paying off.
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