Competitiveness / Macroeconomic Indicators, Economic Growth
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Total stimulus for the COVID-19 crisis already triple that for the entire 2008–09 recession
Governments allocated $10 trillion for economic stimulus in just two months—and for some countries, their response as a percentage of GDP was nearly ten times what it was in the financial crisis of 2008–09.
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2020 European Semester: European Commission Recommendations for Czechia
According to the European Commission, the current crisis has shown the need for crisis preparedness plans in the health sector, which include in particular improved purchasing strategies, diversified supply chains and strategic reserves of essential supplies. They are key elements for developing broader crisis preparedness plans.
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The economy is bottoming, while the CNB will cut rates
In May, the macroeconomic data will unveil the economy in a free fall and bottoming in April. The economy will probably start to expand again; however, the level of output is very low and there are many obstacles for future growth. Therefore, the CNB will probably cut interest rates further, Komerční banka says.
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