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: Czech Republic: Public procurement indicators reveal significant inefficiencies and challenges | EC Economic Forecast
Economic growth in the Czech Republic remains robust, despite a slowdown in 2016. Pension and healthcare expenditure poses a risk to the long-term sustainability of public finances and public procurement indicators reveal significant inefficiencies and challenges. Overall, the Czech Republic has made some progress in addressing the 2016 country-specific recommendations, European Semester report says.
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Radio Praha: Czech economy slows despite increase in consumer spending
The Czech economy slowed last year despite an increase in consumer spending, Czech Radio reported on Tuesday citing new preliminary figures released by the Czech Statistical Office. According to the bureau, economic growth slowed to 2.3 percent of GDP; a year earlier it was double that amount, 4.6 percent. In Q4 alone, growth stagnated at 0.2 percent year-on-year.
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IMF World Economic Outlook January 2017: Growth projections for 2017 revised upward for Germany, Japan, Spain, UK
After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, there is a wide dispersion of possible outcomes around the projections, given uncertainty surrounding the policy stance of the incoming U.S. administration and its global ramifications, the International Monetary Fund says in their January 2017 outlook.
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