Economic policy
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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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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Government approves National Policy for R&D, Innovation for 2016-2020, sets key fields for applied research
At its session on 17 February, the Government approved the National Policy for Reasearch, Development and Innovation for 2016-2020. Compared with previous national R&D strategic documents, this time much greater emphasis is placed on the stregthening of applied research based on the needs of the economy and the public sector, said Pavel Bělobrádek, Vice-PM for Research, Development and Innovation. The employers say the strategic RDI document should be more focused on major problems such as the underdeveloped cooperation between the business and the R&D sectors...
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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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