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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European Semester Autumn 2017 report: Czech Republic: 2017 is set to mark the beginning of an investment rebound
The Czech economy continues to grow steadily. GDP growth is forecast to be well above potential in 2017 due to buoyant investment and private consumption, but is expected to moderate in 2018 and 2019. 2017 is set to mark the beginning of an investment rebound following the previous year’s slump, the report says. But adds that swift growth risks draining labour market.
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GDP deceleration in 3Q17 was less pronounced than the market feared
According to Komercni banka, Czech GDP increased 0.5% qoq in 3Q17 according to the flash estimate of the Czech Statistical Office (CZSO). This represents a significant deceleration after the 2.5% recorded in 2Q. Yoy growth in the third quarter printed a strong 5%.
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ifo World Economic Climate Indicator Reaches Highest Level Since 2011
The climate improved in nearly all regions of the world. With the exception of the Middle East and Northern Africa, experts across the globe assessed the current economic situation more positively, ifo Institute, Centre for Economic Studies Munich states in their latest report on global economic climate.
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