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

9th October 2017 / Economic policy / Macroeconomic Indicators, Economic Growth

AmCham CZ 2017 Prosperity Index: Doing well, and positioned to do better in the future

The Prosperity Index is a tool for measuring prosperity and identifying areas of public policy which could increase prosperity. Indicators show that the country has made steady progress in increasing its current prosperity, is strongly positioned for future prosperity, and is at the head of the EU in spreading prosperity across the population. The attachment contains the indicators, and some conclusions about what areas the next government should address.
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5th December 2017 / Economic policy / Business and Industry

AmCham EU/AmCham Germany on Transatlantic relations

American Chamber of Commerce in Germany published a chat with Prof. Dieter Kempf, President of the BDI (Bundesverband der deutschen Industrie), associating stakeholders in German industry, about the role of business and the status of transatlantic economic relations under President Donald Trump during the AmCham EU's 11th Transatlantic Business Conference. Watch the podcast.
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4th December 2017 / Economic policy / Trade and Investment

Infrastructure investment boom predicted for CEE nations on the rise

The infrastructure market has high hopes for Central and Eastern European countries, whose economies are currently experiencing strong economic growth, according to the CMS Infrastructure Index: A New Direction, which this year ranks 40 jurisdictions in order of infrastructure investment attractiveness according to six key criteria. Countries in the CEE region claimed six of the top 20 spots for infrastructure investment attractiveness, with the Czech Republic leading the pack at no 13 in the table. Longstanding government support for infrastructure spending and the highly anticipated programme to modernise its train stations, with €384m allocated to the scheme, has contributed to the Czech Republic’s allure.
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1st December 2017 / Economic policy / Macroeconomic Indicators, Economic Growth

Industry is unstoppable when creating value added

The Czech Statistical Office (CZSO) confirmed its preliminary estimate of domestic GDP growth at 0.5% qoq and 5.0% yoy. The favourable dynamics were mainly thanks to private consumption, which increased 0.9% qoq (+4.4% yoy). Households benefit from a low unemployment rate, which improves its low every month, and sound wage growth. Moreover, consumers remain optimistic as there are no signs that the good times will come to an end anytime soon. This is also mirrored in investment activity. Businesses adjust to growing demand for output amid a stretched labour market, where it is almost impossible to find a suitable work force. Thus, they invest in a way that they do not have to hire too many personnel for their new facilities or they can free up some labour force when renewing existing facilities. Investment has thus remained at a sound level from the second quarter. In yoy terms, investment growth prints at 7.5%. Moreover, it seems there is more unfinished investment as inventory built contributed 1pp to overall GDP growth.     
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Members of the American Chamber of Commerce in the Czech Republic