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
OECD Economic Outlook, Interim Report September 2020
After collapsing in the first half of the year, economic output recovered swiftly following the easing of measures to contain the COVID-19 pandemic and the initial re-opening of businesses. Policymakers reacted rapidly and massively to buffer the initial blow to incomes and jobs. But the pace of recovery has lost momentum over the summer. Restoring confidence will be crucial to how successfully economies can recover, and for this we need to learn to safely live with the virus, OECD report says.
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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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