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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ECB preview: A general repetition no one really needs
Thursday's ECB meeting will again be one of those most of their officials would rather skip if they could. It should only serve as the prelude to the first QE showdown in June
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IMF: World Economic Outlook, April 2018: Cyclical Upswing, Structural Change
The IMF new World Economic Outlook report projects that advanced economies as a group will continue to expand above their potential growth rates this year and next before decelerating, while growth in emerging market and developing economies will rise before leveling off. For most countries, current favorable growth rates will not last.
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Inflation dropped to this year’s minimum in March
March’s inflation decelerated by a tick in line with our expectations and is currently half of a percentage point below the CNB forecast. The reason is mainly lower food price dynamics as well as a drop in fuel prices. Although the unemployment statistics indicate a record tightness on the labour market, core inflation decelerated slightly. Year-on-year inflation dropped to this year’s low and should reach the 2% CNB target this summer.
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