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: Czech Association of Exporters on CNB interventions, higher wages (updated)
Click on the video from the XI Export Forum organized by the Czech Association of Exporters on 14-15 November 2015. The Association presented their ananlysis 22 years of Czech export. Czech export generated 84.6% of GDP in 2014, compared with 41.3% in 1993. Since 1993, the average wage in the Czec...
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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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