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, 

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.

Within Europe, countries in the CEE region have shown the strongest advancements. The Czech Republic ranks 23rd and finds itself in the group of transparent countries along with Denmark, Netherlands, Italy, Belgium, Portugal, Germany, US, Sweden, Austria, Hong Kong, Finland, New Zealand, Switzerland, Singapore, Spain and South Korea, JLL Global Real Estate Transparency report 2018 says.

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.