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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IMF's Managing Director: Demographic Change and Economic Well-being: The Role of Fiscal Policy
Without action, public pension and health systems will not be sustainable over the long-term. Our grandchildren would face unsustainable public debt and sharp tax increases that could stifle growth and reduce their economic well-being, IMF Managing Director Christine Lagarde said at the Massachusetts Institute of Technology.
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OECD: Global Economic Outlook and Interim Economic Outlook | CNB global economic outlook
In the Global Economic Outlook and Interim Economic Outlook, the OECD projects that the global economy will grow by 3 percent this year and 3.3 percent in 2017, which is well below long-run averages of around 3¾ percent. The Interim Economic Outlook calls for a stronger policy response, changing the policy mix to confront the current weak growth more effectively. It points out that sole reliance on monetary policy has proven insufficient to boost demand and produce satisfactory growth, while fiscal policy is contractionary in several major economies and structural reform momentum has slowed....
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Czech Statistical Office: 126 pensioners per 100 children below 14 years of age in Prague, Královéhradecký, Zlínský regions
The Czech Statistical Office published facts and figures related to the elderly, showing that the number of pensioners is rising. Earlier in January 2016, representatives of WHO, medical staff and hospitals informed that the Czech Republic was not ready for ageing of the society, does not have a system of care for the elderly in place and called for a solution. The pension system changes with every government. This government abolished the second tier of the pension system but has not moved further.
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