News
The economy is booming and inflation looks for a ceiling
Data published in June will confirm a slight decline of the Czech economy at the beginning of the year and a moderation in average wage growth. At the same time, monthly data for April will show a rapidly growing economy due to the easing of anti-pandemic measures. The reopening of services will likely lead to faster inflation in May. We expect the Czech National Bank to raise interest rates at its meeting in August. However, financial markets expect a hike as early as the June meeting.
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AmCham Real Estate Council discussed affordable housing in Prague: The situation might worsen in the next years before the long-term effects of the municipal activity and the new construction act settle
On June 1, 2021, #AmChamRealEstateCouncil looked into the issue of rising prices of dwellings in the capital of Prague. „We are currently one of the hottest markets in Europe“, commented Ian Bryan of Ian Bryan Architects, moderator of the session, adding that "Prague (and Brno) catchment areas are going to further expand causing infrastructure issues to worsen (hopefully partially alleviated by home office)."
Shortages to send eurozone goods prices higher, but probably not for long
Goods inflation is set to rise more as shortages and supply chain disruptions will be priced through to the consumer. We find that shortages do lead to price rises, but that there is no lasting effect once shortages end, suggesting the surge in prices will be temporary
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- Government as a Competitive Advantage, including Digitization
Advocacy Priorities for 2023
Technology, People, Infrastructure
Actions Recommended in Areas:
1. Establishing Policy Objectives for Research.
2. Research Investment and Cooperation. Big Bets (Key Technology Projects).
3. Establishing Databases for Tracking Public Policy Outcomes.
4. Public Procurement as an Innovation Tool.
5. Immigration of STEM Talents.
6. Digitization of Immigration.
7. Adult Reskilling and Upskilling.
8. Digitization of Land Use.
9. Infrastructure Development, including Technology Parks.
Read the documents in English and Czech.
Policy pipeline
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.
