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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ING Bank Czech Republic: Consumer confidence at new high in May
Despite latest market volatility and threats about trade-wars, Czech households remain optimistic given favourable labour market and increasing wages. Business confidence declined in May, driven mainly by weaker expectations in industry, ING Bank Czech Republic writes.
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IMF Regional Outlook: Europe continues to enjoy strong growth but recent indicators suggest that momentum is leveling-off
All European economies grew in 2017, and the outlook remains favorable in the short run, says the IMF’s latest regional report. But for growth to last beyond the current upswing, European countries will need to loosen structural constraints on growth, which range from barriers to investment to dwindling competitiveness.
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ING Bank Czech Republic: GDP grows a solid 4.5% in 1Q
The first estimate of GDP growth in 1Q18 came in at 4.5% year-on-year and 0.5% on a quarterly basis. Though slightly below market estimates, this is still a favourable figure and confirms strong domestic demand.
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