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

10th July 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech inflation accelerated in June

Czech inflation surprised on the upside and accelerated from 2.9 to 3.3%, mainly on the back of higher tobacco and alcoholic beverages prices. Prices of services are also not slowing down as quickly, as expected

8th July 2020 / Economic policy / Tax & Finance

AmCham CZ Position on Digital Tax

We write to explain our view that the digital tax being debated by the Parliament will harm the overall economy more than any potential benefit. The AmCham Czech Republic is an association of Czech and American companies interested in making the Czech Republic a top ten economy in the EU by 2025. The digital tax will make it substantially harder to achieve that aim.

30th June 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Profit margins decline, households increase savings

As a result of the coronavirus pandemic, the Czech economy contracted 3.4% qoq in the first quarter, i.e. one-tenth more than originally expected. In a year-on-year comparison, the result did not change and the economy fell 2%. Fixed investment followed by household consumption contributed most to the qoq decline. The quarter-on-quarter decline in the dynamic was only partially offset by higher government consumption and higher net exports.