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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GDP slowing down as inflation remains persistent
The Czech economy has slowed down. At the end of 3Q, dynamics in industry and retail sales decelerated. The economy lacks support from its main trading partners as growth in the euro area has disappointed this year. Inflationary pressures have not dissipated. October price growth was driven by food and fuel prices while the core element has recorded a modest increase.
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Czech inflation unexpectedly slows
CPI decelerated to 2.3% in September due to falling prices for package holidays and newly-introduced bus and rail fare discounts for pensioners and students across the country. This is no game changer for the central bank, which we expect to hike rates in November CPI decelerated to 2.3% in September due to falling prices for package holidays and newly-introduced bus and rail fare discounts for pensioners and students across the country. This is no game changer for the central bank, which we expect to hike rates in November
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