Economic policy | Council on Czech Competitiveness

Economic policy / Macroeconomic Indicators, Economic Growth

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

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Spotlight issue

19th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

EU: Recovery fund in jeopardy?

Talks about the multi-annual budget for the EU, including the historic recovery fund, are going down to the wire, putting the recovery potential for the eurozone periphery at risk

11th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech industry in recovery mode in September

Industrial production grew by 4% in September but was down 1.5% year-on-year after an average 5% contraction during the summer months, mainly driven by car production. This solid recovery might not last long due to the renewed Covid wave in the Europe. Since the beginning of the year, industry has fallen by 10.9%

10th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Inflation below 3% thanks to lower energy prices

In October, Czech consumer prices decelerated due to lower prices of energy. Inflation declined slightly below the market expectation as well as below the CNB forecast. However, the surprise was small while core inflation remained elevated at 3.7% yoy. Monetary policy has no reason for change, and the central bank will wait for further development.