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

23rd January 2019 / Economic policy / Macroeconomic Indicators, Economic Growth

Eurozone: The best is now (firmly) behind us

Peak growth is now behind us and while there are still positive drivers that make it too soon to call the end of the expansion, growth in 2019 is likely to come out much lower than last year. We forecast 1.4% GDP growth in 2019 and 1.3% in 2020 but the risks are skewed to the downside. In these circumstances, the probability of an ECB rate hike is melting away

9th January 2019 / Economic policy / Employment and Social Affairs

Labour market remains tight despite unemployment increase in December

The result of external trade in November was a pleasant surprise, although for the entire year 2018 the trade balance will end up with a lower surplus than the year before. Labour market pressures did not let up at the end of the year. The higher share of unemployed in December was caused by seasonal effects, and the increasing number of vacancies shows that demand for labour remains strong.

8th January 2019 / Economic policy / Business and Industry

Czech Republic: Industry remains solid in November

Industrial production grew by almost 5% year-on-year in November, supported by one extra working day. Though the automotive segment posted double-digit growth again, new orders are still on a weaker footing