Economic policy | Council on Czech Competitiveness

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

19th August 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

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

7th August 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

The Czech central bank keeps rates on hold

The Czech National Bank (CNB) keeps rates unchanged, as broadly expected. The vote was unanimous. New forecasts see rate stability until mid-2021 and then a modest increase

6th August 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Industrial output and foreign trade surprised positively

In June, Czech industrial output revived significantly faster than expected. Along with that, the trade balance improved above all estimates. The data confirm our forecast of a full-year GDP decline of “only” 5%. On the contrary, the construction sector decline became deeper.