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

14th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech economy decelerates; productivity gains are small

Czech GDP dynamics have eased. Qoq growth printed only 0.5%. The Czech economy has recorded sluggish growth figures since the second half of last year. For the second quarter, this is visible also in a yoy comparison as dynamics do not include the exceptional growth from 2Q17. Yoy dynamics thus recorded a low 2.3%, clearly showing that the economy lags behind its regional peers. Hungarian GDP increased 4.6% yoy, and Polish GDP added 5.2%. Domestic dynamics correspond more with German growth, which rose 2.0% yoy. To a large extent, capacity constraints are to blame. These are most visible on the labour market. Unfortunately, we do see no notable productivity gains. Without an increase in productivity, the Czech economy cannot aim for stronger dynamics. Productivity so far shows very modest growth despite the solid investment activity of the private sector.
View more

9th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Czech Republic: Czech inflation decelerates amid lower food prices

Inflation decelerated to 2.3% in July from 2.6% in the previous month. This weaker print was driven mainly by lower food prices but core inflation accelerated further. This is no game changer for the central bank's hawkish outlook for this year.  
View more

8th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Czech unemployment rate rises, but so do job vacancies

The Czech unemployment rate rose slightly in July, an often-seen seasonal effect. But the labour market is still tight and job vacancies increased to new historical highs.
View more

Members of the American Chamber of Commerce in the Czech Republic