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.

Spotlight issue

14th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


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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14th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


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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12th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


World Bank Group: COVID-19 and Human Capital. Europe and Central Asia Economic Update, Fall 2020

The COVID-19 pandemic has sunk the global economy into the deepest recession in eight decades. In the emerging and developing countries of Europe and Central Asia, GDP is expected to contract 4.4 percent in 2020, World Bank Group says.
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Members of the American Chamber of Commerce in the Czech Republic