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
Czech Republic: Better than expected recovery in 3Q
The Czech statistical office has released a preliminary estimate of 3Q GDP growth, which came in at 6.2% QoQ after an 8.7% fall in the second quarter. Markets expected weaker growth at around 5%, so a somewhat positive surprise. The second-wave of the Covid-19 pandemic will move the Czech economy to contract again in 4Q.
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Czech Economic Outlook: Lockdown version 2.0
The Czech economy declines again The second wave will push the economy lower once again. Consequently, GDP growth will also be lower next year. Compared with our July forecast, we expect the return to pre-crisis GDP to be postponed by one year, to 2023.
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Czech Republic: Household confidence falls in October
As the second wave of the pandemic surges, confidence in the Czech economy fell in October, mainly for services and consumers. But we think the figure is understated as the data isn't reflective of the latest partial lockdowns announced last week
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