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

1st November 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

GDP slowing down as inflation remains persistent

The Czech economy has slowed down. At the end of 3Q, dynamics in industry and retail sales decelerated. The economy lacks support from its main trading partners as growth in the euro area has disappointed this year. Inflationary pressures have not dissipated. October price growth was driven by food and fuel prices while the core element has recorded a modest increase.

11th October 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech inflation unexpectedly slows

CPI decelerated to 2.3% in September due to falling prices for package holidays and newly-introduced bus and rail fare discounts for pensioners and students across the country. This is no game changer for the central bank, which we expect to hike rates in November CPI decelerated to 2.3% in September due to falling prices for package holidays and newly-introduced bus and rail fare discounts for pensioners and students across the country. This is no game changer for the central bank, which we expect to hike rates in November

4th October 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech manufacturing PMI at two-year low

The September manufacturing PMI declined further to 53.4, hitting the lowest level in the past two years. Still, this is in line with expectations that Czech industry growth will slow down towards 3% this year