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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OECD Economic Survey: Czech Republic: Skilling is a win-win for more inclusive growth, health care and pension systems to be challenged by ageing population
The Czech economy is thriving but boosting skills and productivity and transitioning to a low-carbon productive model is vital to sustainable and inclusive growth, OECD Economic Survey says,
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EC Summer 2018 Interim Economic Forecast: Wage increases, high levels of consumer confidence to continue to support private consumption, investment expected to remain vigorous
According to the Commission's forecast, fundamentals remain solid but growth is set to moderate.The moderation in growth rates is partly the result of temporary factors, but rising trade tensions, higher oil prices and political uncertainty in some Member States may also have played a role. Should tensions rise, however, they would negatively affect trade and investment and reduce welfare in all countries involved, European Commission says.
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Inflation accelerated to 2.6% while the share of unemployed slid to 2.9%
Inflation spiked to 2.6% in June, which represents the highest level since last November. After the slowdown at the turn of 2017/2018, it seemed that the rapid wage growth does not pass through into inflation. Yet, June and May showed that the effect was just delayed and that wages already support inflation strongly. In June, the statisticians also recorded a decent increase in food, fuel and electricity prices. Accelerating inflation together with a weaker koruna highlights the risk that the CNB will go for a hike in August, Komerční banka says.
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