Competitiveness

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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Spotlight issue

17th June 2020 / Competitiveness / Macroeconomic Indicators, Economic Growth

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.

16th June 2020 / Competitiveness / Energy and Environment

Can a low-carbon recovery agenda create jobs and help the economy?

In short, yes. One study showed that government spending on renewables creates 50 more jobs per $10 million invested than spending on fossil fuels.

16th June 2020 / Competitiveness / Tax & Finance

Card payments in quarantine: Czechs took the bicycle shops by storm

Sales of bicycles and bicycle equipment grew unexpectedly during the Covid-19 pandemic. In May, they were even twice as high year-on-year. People also spent more on golf and sports equipment and clothing. On the contrary, revenues from cultural activities went steeply down due to the closure of cinemas, theaters and concert halls. Thanks to online sales, music and book stores were an exception, according to statistics on card payments in ČSOB in the area of leisure time from March to May.