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

21st June 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Key factors that will determine Czech recovery

How the Czech Republic will recover from the pandemic depends on how many moving parts work together. During our General Assembly session, members of the AmCham Board presented major factors that will influence businesses and recovery of the economy.
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20th January 2022 / Economic policy / Macroeconomic Indicators, Economic Growth


Monthly forecast: The industry probably revived before the end of the year

Data on car production and leading indicators suggest that industrial production may have grown significantly in November. Higher car sales and a still-solid labour market may have helped retail sales. On the other hand, deteriorating consumer confidence and accelerating inflation are holding back real retail sales. Year-on-year inflation probably rose again towards 7% at the end of the year. We expect this level to be exceeded in January.
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13th January 2022 / Economic policy / Macroeconomic Indicators, Economic Growth


Inflation was not surprising in December but is rising

Inflation rose to 6.6% yoy in December, in line with market expectations. Compared to the Czech National Bank's forecast, it was still one percentage point higher. The transition between energy suppliers led to a slight month-on-month decrease in electricity prices. Gas prices have risen. Food prices rose slightly, while fuel prices became cheaper. Without the VAT waiver, annual inflation would be close to 8%. It will head to 9% yoy at the beginning of this year. In February, we expect the CNB repo rate to increase to 4.50%.
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Members of the American Chamber of Commerce in the Czech Republic