Economic policy / Macroeconomic Indicators, Economic Growth
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.
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AmCham held regular Macro Intel session with Czech National Bank
Inflation is popping out of the Czech National Bank's target band. Employee expectations are exceeding the wage increases expected and budgeted by employers. The housing market is hurtling ever higher. The danger is that one feeds the other two, and the complex system of the economy begins to hyperventilate as price rises feed wage rises that feed back into price rises.View more
Prices will not return before the inflationary wave. We have ourselves to blame, says the head of Linet
He was one of the first to warn in the spring of 2021 that we were in for a significant rise in the prices of goods and services. He was right: we are facing high inflation and there is no end in sight. Tomas Kolar, CEO of LINET, now reveals other important trends from behind the scenes of the industry. Soon, they will affect us all.View more
AmChamIntel looked into possible path of inflation and Czech koruna, and the root causes of today’s volatility
Yesterday, a group of business executives joined Jaromír Šindel of Citibank, Martin Skřehota of Carrier, and Robert Grader of Marriott Hotels to discuss possible path of inflation and Czech koruna, and the root causes of today’s volatility at our AmChamIntel session.View more
How Will Europe Respond to the U.S. Inflation Reduction Act?
EU leaders searching for a response to the U.S. Inflation Reduction Act are grappling with how to match foreign investment incentives while fearing potential relocations. Citi Research explores Europe’s options. The U.S. Inflation Reduction Act sets out plans for $369 billion in subsidies for green industry and energy over a decade, many of which discriminate against foreign producers. The EU is expected to respond to the IRA, but what options are available to it? In a new Citi Research report, a team of economists, strategists and analysts explore that question.View more