Economic policy

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

6th August 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Industrial output and foreign trade surprised positively

In June, Czech industrial output revived significantly faster than expected. Along with that, the trade balance improved above all estimates. The data confirm our forecast of a full-year GDP decline of “only” 5%. On the contrary, the construction sector decline became deeper.
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5th August 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech Republic: Double digit fall in 2Q growth

The Czech economy contracted by 8.4% quarter-on-quarter, or 10.7% year-on-year, which is an unprecedented fall due to the Covid-19 outbreak. The flash 2Q print was, however, a bit better than the market expected, though some revision might come later
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29th July 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

CEE implications from the EU recovery fund

EU recovery fund and the EU budget is positive for the CEE region with the EU transfers into CEE in the 2021-27 period rising vs the prior budget. As the new EU wide funding means lower downside risks to the CEE key export market and higher odds of a synchronised EU recovery, this is clearly a positive for CEE FX. CZK remains our top pick and we look for lower PLN/HUF
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Members of the American Chamber of Commerce in the Czech Republic