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.

Spotlight issue

29th June 2018 / Economic policy / Health Care

W.Stacey, AmCham CZ: "We need a system driven by incentives that fulfill our goal, which is to have the highest number of days in our lives without illness, injury or rehabilitation."

The Czech population is aging. An older population requires more health care; an older population also reduces the ratio of employees (who contribute health care taxes) to the total number of users of health care. Most experts predict that the gap between costs of the system and its funds will continue to widen. This gap is one of the greatest threats to a stable economy. Yet, we have not been able to solve this problem, because a political myth prevents us from seeing the system clearly.
View more

15th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

ING Bank Czech Republic: Czech GDP growth slows in 2Q

The first estimate of GDP growth in the second quarter slipped to 2.3% year-on-year (0.5% quarter-on-quarter). A weaker print below 3% was expected due to the base effect so this is no game changer for our 2018 outlook or the central bank's monetary stance.
View more

14th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech economy decelerates; productivity gains are small

Czech GDP dynamics have eased. Qoq growth printed only 0.5%. The Czech economy has recorded sluggish growth figures since the second half of last year. For the second quarter, this is visible also in a yoy comparison as dynamics do not include the exceptional growth from 2Q17. Yoy dynamics thus recorded a low 2.3%, clearly showing that the economy lags behind its regional peers. Hungarian GDP increased 4.6% yoy, and Polish GDP added 5.2%. Domestic dynamics correspond more with German growth, which rose 2.0% yoy. To a large extent, capacity constraints are to blame. These are most visible on the labour market. Unfortunately, we do see no notable productivity gains. Without an increase in productivity, the Czech economy cannot aim for stronger dynamics. Productivity so far shows very modest growth despite the solid investment activity of the private sector.
View more

9th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

ING Czech Republic: Czech inflation decelerates amid lower food prices

Inflation decelerated to 2.3% in July from 2.6% in the previous month. This weaker print was driven mainly by lower food prices but core inflation accelerated further. This is no game changer for the central bank's hawkish outlook for this year.  
View more

Members of the American Chamber of Commerce in the Czech Republic