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
Erste Group Research: Entry of Czech Republic into Euro Area
After the Czech National Bank ended its one-sided peg of the Czech koruna to the euro, the question of switching to the euro for good has re-emerged. However, few of the major domestic stakeholders seem to support the idea. Euro adoption thus seems unlikely, unless outside pressure rises significantly.
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European Semester 2017 Spring Package: Business environment in Czech Rep. is weighed down by heavy regulatory burden, numerous administrative barriers
The business environment in the Czech Republic is weighed down by a heavy regulatory burden and numerous administrative barriers, in particular permitting procedures and tax payments, European Semester 2017 Spring Package issued by the European Commission suggests. Educational outcomes are generally good, but basic skills have deteriorated, and R&D intensity has increased significantly in recent years, but this is not being matched by corresponding improvements in the quality of R&D outcomes. Still, the Czech Republic is projected to comply with the provisions of the Stability and Growth Pact in 2017 and 2018.
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IMF: Czech Rep needs a well calibrated combination of monetary, macroprudential, financial, structural, and fiscal policies
The Czech economy is doing well. Growth is solid and the unemployment rate is low. Inflation is back at the target level. The public finances are in good condition, and the banking system is liquid and profitable. However...
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