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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Economic Policy: OECD Economic Outlook: Robust growth in Czech Rep in 2016, 2017. Rising domestic costs to push inflation to 2% target level in 2017.
OECD released their Economic Outlook on 9 November 2015, projecting a gradual strengthening of global growth in 2016 and 2017 to an annual 3.3% and 3.6% respectively. But a clear pick-up in activity requires a smooth rebalancing of activity in China and more robust investment in advanced economies...
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Economic Policy: Shadow economy makes up 15 percent of Czech GDP / Central Bank to keep forex interventions.
The shadow economy makes up 15 percent of the Czech GDP, according to data released by the Czech Statistics Office, Radio Prague informed. Transactions to the tune of 614 billion crowns annually go untaxed. In addition to large-scale VAT evasion this concerns undeclared income from smaller transac...
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Economic Policy: Eurostat Regional Yearbook 2015
On 9 October, Eurostat, the statistical office of the European Union published Eurostat Regional Yearbook 2015. The five EU regions recording the largest gap between the employment rates of women and men aged 25-34 were Severozápad (with a 33.2 pp gap), Střední Morava (30.0 pp), Jihozápad (28.8 pp...
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