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.
Show subcategories ▾
Spotlight issue
Soaring Czech wages mainly driven by one-off factors
The 6.5% of Czech wage growth in 4Q20 is a positive surprise, but this quarter was affected by several one-off factors and bonuses for healthcare workers. This year we expect wage growth to slip below 3%
View more
Twitter
Linkedin
Facebook
Google+
After modest growth in 4Q20, the economy is likely to decline again in 1Q21
According to the CZSO’s refined estimate, the Czech economy grew by 0.6% qoq in 4Q20, with the year-on-year decline easing from -4.9% to -4.7%. These figures were slightly up on the advance estimates from the beginning of February of +0.3% qoq and -5.0% yoy. For full-year 2020, the economy recorded its steepest ever decline, of 5.6%, due to the pandemic.
View more
Erste Group expects economic upturn in 2021
GDP growth rates seen between +3% and +6%, with Hungary posting region’s strongest upswing
CEO Bernd Spalt: „We will experience an economic rebound in 2021“
Insolvencies: only trailing effect, no insolvency wave
Company outlook: lower risk costs, significantly higher profits
View more
