In April, inflation decelerated further. Once again, the prices of fuel were lower, in particular. Prices of food were up. The decline of inflation will probably continue.

Tourism has been decimated by the spread of the coronavirus and then stopped by the government restrictions needed to contain the virus. If the international tourism infrastructure in Prague is too damaged by bankruptcies, the ability of the city and country to recover after the virus is suppressed could extend for years instead of months. That is why we propose special measures aimed at supporting the country’s essential international tourism infrastructure.

The AmCham Board of Directors assessed the duration and depth of the pandemic on May 6. Each board member discussed the current situation in their industry, and predicted both short and long-term impact of the virus on their sector and the Czech economy. 

The board will update their assessment regularly. They are now planning web discussions focused on sectors and key economic factors. Reports on this discussions will also be distributed among members. 

With China’s COVID-19 lockdown over, travel is beginning to restart there. The country’s experience as consumer confidence in travel grows can help businesses in other parts of the world navigate the next normal.