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
WEF Global Gender Gap 2017 report: In terms of gender, economic participation and political empowerment still a challenge in the Czech Republic
Five of the 26 countries in the Eastern Europe amd Central Asia region—Czech Republic, Latvia, Lithuania, Slovak Republic and Slovenia—have fully closed both their Health and Survival and Educational Attainment gender gaps, the only countries except Brazil to do so in the entire Index this year. Still, the Czech Republic ranks 92nd in the Economic Participation and Opportunity subindex and 91st in the Political Empowerment subindex, according to World Economic Forum (WEF) gender gap ranking.
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AmCham CZ 2017 Prosperity Index: Doing well, and positioned to do better in the future
The Prosperity Index is a tool for measuring prosperity and identifying areas of public policy which could increase prosperity. Indicators show that the country has made steady progress in increasing its current prosperity, is strongly positioned for future prosperity, and is at the head of the EU in spreading prosperity across the population. The attachment contains the indicators, and some conclusions about what areas the next government should address.
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Time for Higher Interests Rates
Is it overheating or not? The talk is about the Czech economy. Judging by the development of consumer prices (and their) forecast, it does not appear to do so. But the labour market and apartment prices tell a different story. It is apparently about time that the economic policy take its foot off the pedal and start putting the brakes on. Limited reliance can be usually placed on fiscal policy, namely in the year when elections are to be held. So only the central bank remains. And it decided to intervene in early August, increasing interest rates for the first time since 2008.
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