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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Czech National Bank/Bloomberg: Koruna on Course to Exit Cap in 2017, New Czech Rate Setter Says
The Czech economic outlook indicates the central bank will be able to end its cap limiting koruna gains in about a year, and policy makers probably won’t have to pursue more unconventional monetary steps, a new member of the rate- setting board said in an interview published by the Czech National Bank.
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OECD: Czech Republic needs new reforms to boost productivity, accelerate convergence with the most advanced countries
The Czech Republic needs new reforms to boost productivity, improve economic growth and accelerate convergence toward the levels of income and well-being seen in the most advanced European countries, according to a new OECD report. The Survey, which coincides with the 20th anniversary of the Czech Republic’s accession to the OECD, projects GDP growth of 2.4% this year and 2.6% in 2017.
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OECD Global Economic Outlook June 2016: Czech Republic: Falling public investment is weighing on growth in 2016
GDP growth increased strongly in 2015, partly due to EU-financed public investment. Financial conditions and income growth will continue to support domestic demand, but falling public investment is weighing on growth in 2016. Although gains in market share are likely to be smaller than in recent years, stronger demand from European countries will support export growth, the newest OECD Economic Outlook says about the Czech Republic.
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