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

4th February 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


The CNB on hold due to global uncertainty

We expect the CNB to stay on hold on Thursday as the uncertain outlook for the global economy outweighs the weaker-than-expected CZK and high core CPI factors. We see scope for two CNB hikes this year, but with an improvement in the global economic outlook now a necessary condition. Neither CZK spot nor CZK IRS rates currently offer attractive opportunities.
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1st February 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Housing credit on weak footing in December

The volume of new housing loans declined to the lowest level in two-and-a-half years, driven by stricter recommendations from the Czech National Bank and strong frontloading in the second half of last year.
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23rd January 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


Eurozone: The best is now (firmly) behind us

Peak growth is now behind us and while there are still positive drivers that make it too soon to call the end of the expansion, growth in 2019 is likely to come out much lower than last year. We forecast 1.4% GDP growth in 2019 and 1.3% in 2020 but the risks are skewed to the downside. In these circumstances, the probability of an ECB rate hike is melting away
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Members of the American Chamber of Commerce in the Czech Republic