Czech Current-Account Gap Widens More Than Forecast on Dividends

The Czech current-account deficit widened more than analysts forecast in December as the outflow of dividends increased, the central bank said.

The shortfall totaled 24.3 billion koruna ($1.3 billion), compared with a gap of 2 billion koruna in November, the Prague- based central bank said in a statement on its website today. The reading compared with a median forecast of a 13 billion-koruna deficit in a Bloomberg survey of nine analysts.

Dividend payments from direct investments in the Czech Republic totaled 21.3 billion koruna in December, compared with 10.9 billion in the previous month, the bank said.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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