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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CNB: Government again approves Ministry of Finance and CNB recommendation not to set euro adoption date yet
The Government has approved the joint recommendation of the Ministry of Finance of the Czech Republic and the Czech National Bank not to set a target date for adopting the euro yet. The Czech Republic will therefore not attempt to enter ERM II in 2017. The decision, based on this year’s “Assessment of the Fulfilment of the Maastricht Convergence Criteria and the Degree of Economic Alignment of the Czech Republic with the Euro Area”, was adopted by the Government at its meeting on 14 December 2016.
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OECD Global Economic Outloook November 2016: Economic forecast summary for the Czech Republic
OECD Global Economic Outloook November 2016: Czech Republic - Economic forecast summary for the Czech Republic projects stable economic growth for 2017 and 2018.
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EC Autumn 2016 Economic Forecast: Czech Republic: Growth expected to gather speed but downside risks dominate
The economic growth is expected to fall to 2.2% in 2016 from 4.5% in 2015, largely due to the drop in investment linked to the cycle of EU investment funding. Growth is expected to pick up to 2.6% in 2017 and 2.7% in 2018 as investment activity recovers, also supported by the continuing strength in private and public consumption. The headline government deficit is forecast to decline to 0.2% in 2016, from 0.6% in 2015, but to creep upwards in 2017 and 2018, Autumn 2016 Economic Forecast published by the European Comission says.
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