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
Another blow for Czech industry as the automotive sector slumps
Czech industrial production fell by 0.9% month-on-month and the year-on-year decline slightly increased to -5.5%, mainly due to weaker production in the automotive sector. Since the start of the year, Czech industry has dropped by 12%
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Effective Restrictions Against Covid Could Pay For Themselves
The Czech government has announced new restrictive measures to stop the rapid spread of Covid-19 in the country. Not surprisingly, we are witnessing a heated debate on this issue. A study on restriction costs by CERGE-EI is showing that effective temporary restrictions are the best way to protect public health and the economy.
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Underlying recovery is still with us
Although we expect the underlying recovery to continue, the data in the Czech Republic are likely to show some weakness in August. We believe that to a large extent this was caused by the holidays. We expect to see the recovery continue in September. The first release of GDP for the third quarter should point to a faster-than-expected recovery. Inflation for September should ease in mom terms but increase in yoy terms due to the base effect.
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