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

14th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech Republic: Stricter Covid restrictions force GDP rethink

The Czech government introduced a new set of measures yesterday due to the surge of Covid-19 infections. Measures are focused mainly on limiting gatherings of people, impacting restaurants, culture events, sports and related services. We revise our 2020 GDP forecast to -7.5% from -6.5%

12th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

World Bank Group: COVID-19 and Human Capital. Europe and Central Asia Economic Update, Fall 2020

The COVID-19 pandemic has sunk the global economy into the deepest recession in eight decades. In the emerging and developing countries of Europe and Central Asia, GDP is expected to contract 4.4 percent in 2020, World Bank Group says.

9th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

OECD Economic Outlook, Interim Report September 2020

After collapsing in the first half of the year, economic output recovered swiftly following the easing of measures to contain the COVID-19 pandemic and the initial re-opening of businesses. Policymakers reacted rapidly and massively to buffer the initial blow to incomes and jobs. But the pace of recovery has lost momentum over the summer. Restoring confidence will be crucial to how successfully economies can recover, and for this we need to learn to safely live with the virus, OECD report says.