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.

Spotlight issue

30th January 2024 / Economic policy / Macroeconomic Indicators, Economic Growth

AmCham and US Embassy Meeting on Joint Priorities and Business Outlook

The AmCham Board discussed 2024 priorities with US Ambassador Bijan Sabet and his political, economic and commercial team on January 22nd. Both sides agreed to address climate change and digitization, particularly cybersecurity, in the coming year.
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7th May 2024 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech Statistical Office: The Czech Economy Development (H2 2023)

Czech Statistical Office published an overview of the economic trends in Czechia in the second half of 2023.
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6th March 2024 / Economic policy / Macroeconomic Indicators, Economic Growth

Outlook for the Czech economy in 2024: Recovery from high inflation

A look back at last year reveals the problems of an economy that has undergone a series of unusually strong shocks in recent years. From the pandemic to the energy crisis. Unfortunately, the Czech Republic is the only EU country that has still not been able to cope with the negative effects of these shocks and where the performance of the economy has still not reached the level of the end of 2019.  However, last year can also be seen as a turning point. The government was able to push through a consolidation package that should bring public finances significantly closer to a sustainable long-term position. In other words, the growth rate of government debt as a share of GDP should slow down significantly in the coming years. 
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30th October 2023 / Economic policy / Macroeconomic Indicators, Economic Growth

AmChamIntel: Macro - Too high too long

The ECB’s Christine Lagarde described inflation as holding too high for too long. CNB vice-governor Eva Zamrazilová viewed Czech inflation similarly during our AmChamIntel talk.   The CNB predicts a higher rate and the consolidation of public finance will bring inflation back to approximately 2% by Q3 2024.     
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Members of the American Chamber of Commerce in the Czech Republic