News
Twitter
Linkedin
Facebook
Google+
ING Bank Czech Republic: GDP grows a solid 4.5% in 1Q
The first estimate of GDP growth in 1Q18 came in at 4.5% year-on-year and 0.5% on a quarterly basis. Though slightly below market estimates, this is still a favourable figure and confirms strong domestic demand.
Eurostat: Ratio of investment to GDP highest in the Czech Republic | M.Skorepa, Ceska sporitelna: "We are probably observing a natural fall in the tempo of catching up, in terms of the stock of capital, to richer economies."
Among the EU Member States, in 2017 investment accounted for a quarter of GDP in the Czech Republic (25.2%) and Sweden (24.9%). Estonia (23.7%), Austria (23.5%), Ireland (23.4%), Belgium (23.3%), Romania and Finland (both 22.6%) as well as France (22.4%) all had investment rates of over 20% of GDP, according to Eurostat.
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.
