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
March: the month of interest rate cuts
We expect the Czech National Bank to cut its key repo rate by a further 50bp at its monetary policy meeting on Thursday, mainly due to the still-worsening growth outlook for the Czech economy as a result of the COVID-19 pandemic. The koruna could therefore depreciate further vs the euro, prompting the CNB to react. We do not expect it to implement quantitative easing measures, however.
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IMF: Policy Action for a Healthy Global Economy
While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy.
Constant contact and close coordination are the best medicine to ensure that the economic pain inflicted by the virus is relatively short-lived.
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ING Bank Czech Republic: The Czech economy slows to 2.5% in 3Q
Growth in the Czech economy slowed to 2.5% in the third quarter, according to refined estimates. Household consumption is lower, but it's still the main growth driver. Fixed investments fell slightly. We expect the economy to grow around 2.5% this year, falling closer to 2% in 2020.
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