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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Spotlight issue

22nd October 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Industry dropped strongly due to car manufacturers

Industry fell sharply below all estimates in August, mainly due to a drop in car production. Hand in hand with this, the foreign trade balance also deteriorated. Construction output grew slightly. In summary, the published data were worse than expected, and although it is not good to draw strong conclusions from the summer months, supply chain problems appear to continue to weigh heavily on industry.

18th October 2021 / Economic policy / Health Care

How to stop tsunami of chronic diseases?

Last week, in the AmCham offices, Health MInister Adam Vojtěch led a panel discussion on what could be done to improve prevention of chronic diseases with prof. Vladimír Palička of the Society of Metabolic Diseases, Dr. Petr Šmach of the Škoda Employee Insurer, VZP ČR Deputy Head David Šmehlík, prof. Richard Češka of the Czech Internist Society, and Dr. Petr Šonka of the General Practitioners Society. AmCham Health Care Council Chairs Zuzana Kaifoszová, MD, MBA, ACC and Tomáš Březina of Amgen put together an overview and questions to be discussed.

14th October 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Inflation is still not easing – rather the opposite

Inflation in September again surprised with higher-than-expected growth. The main driver is housing costs, including the incipient rise in energy prices. Year-on-year core inflation rose to 6%. There is no doubt that the CNB will continue to raise interest rates.