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
Jan Švejnar in Discussion with Jeffrey Sachs
On 14 October Jan Švejnar was a guest speaker at Forum 2000 Conference - an annual discussion of global political, intellectual, spiritual, and business leaders founded by former Czech President Václav Havel, Nobel Peace Prize Laureate Elie Wiesel, and philanthropist Yohei Sasakawa.
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Czech Republic: Stricter Covid restrictions force GDP rethink
The Czech government introduced a new set of measures yesterday due to the surge of Covid-19 infections. Measures are focused mainly on limiting gatherings of people, impacting restaurants, culture events, sports and related services. We revise our 2020 GDP forecast to -7.5% from -6.5%
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Inflation decelerated mainly due to food prices
In September, Czech consumer prices declined below the market expectation as well as below the CNB forecast. Apart from seasonal changes, this was mainly caused by lower prices of food. For the coming months, we expect inflation to continue subsiding. The CNB will wait and see while the financial market speculates on rate cuts.
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