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 Economic Outlook: Economy breathing but fitness is a long way off
The Czech economy is expanding
The economy bottomed in 2Q but has now started to rebound. In the second quarter, the economic situation could be better than we had initially expected. However, for the coming quarters, we now expect a lower growth rate. All in all, the economy is likely return to pre-crisis levels by the end of 2021.
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Czech Republic: Confidence improves slightly
Confidence in the Czech Republic slightly improved in August as confidence in the business sector picked up. Having said that, households’ mood deteriorated slightly as concerns about financial situation mount
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Czech retail sales weaker but unemployment better than expected
While the Czech unemployment rate in July increased slightly, signalling the limited impact of the Covid-19 crisis on the labour market, retails sales came in below market estimates as the recovery in sales was slower than anticipated
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