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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Spotlight issue
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.
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Erste Group outlook: CEE economies proving resilient so far
Weakened GDP growth in 2022
Increased inflation due to higher energy and food prices
Erste Group remains on solid growth track
While economic growth in CEE and Austria remained robust during the first quarter of 2022, the full-year outlook for the region has been lowered– as it has for Europe as a whole. Inflation levels in the CEE region are expected to remain elevated.
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What's in the tails? Why the coming recession will be worse than expected
In the latest edition of “What’s in the tails?” Deutsche Bank Research economists David Folkerts-Landau, Peter Hooper and Jim Reid discuss how Fed Funds and the ECB rate may have to go higher than the consensus believes and that, as a consequence, the upcoming recession could be more severe than even sceptics believe.
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