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
2019 European Semester: Czechia: Continued economic growth offers a valuable opportunity to intensify structural reforms
The newest European Semester country report issued by the European Commission assesses Czech progress on structural reforms and outlines macroeconomic prevention and correction measures taken by the Czech government in the past years.
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Czech construction activity strong in 2018
The construction industry had a successful year in 2018, growing by more than 8%, and according to the number of new building orders, the growth is not over yet.
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The CNB on hold due to global uncertainty
We expect the CNB to stay on hold on Thursday as the uncertain outlook for the global economy outweighs the weaker-than-expected CZK and high core CPI factors. We see scope for two CNB hikes this year, but with an improvement in the global economic outlook now a necessary condition. Neither CZK spot nor CZK IRS rates currently offer attractive opportunities.
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