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
Inflation is hampered by cheaper food, with core inflation remaining high
Due to a fall in food prices, inflation slowed down more than expected. Core inflation remains elevated. We still expect inflationary pressures will ease due to weakened demand. At the beginning of the year, inflation should be below 2%. Inflation is below market and CNB expectations, and speculation on future rate hikes is declining.
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Czech Investment in ICT Equipment, Software at 4.3% of GDP
In 2019, companies and public administration invested almost CZK 245 bn in ICT equipment and software. Investment in software and databases has been growing at a significantly faster pace, accounting for two-thirds of the total investment in ICT, than investment in ICT equipment. More than 18% of the total R&D expenditures in the country were spent in the ICT industry.
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AmCham 2020 General Assembly: Debating the key questions facing your business and the Czech economy - Outline
The COVID19 pandemic has disrupted economic equilibrium, and will continue to. Business leaders face more unknown unknowns than at any point in the last half century. With its General Assembly series of events, AmCham will attempt to pose the questions you need to guide your business successfully through the pandemic and beyond, and rely on the unified expertise of its members to find the answers that will enable us to become a top ten economy in the EU by 2025.
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