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

5th February 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech Republic: Strong retail sales in December

Retail sales (excluding cars) increased by a strong 8.3% month-on-month in December, as retailers were allowed to open again following a lockdown at the end of October. From a year-on-year perspective, sales increased by 3.7% from a 6% fall in November, above market expectations. For the whole of 2020, sales fell just slightly by 0.6% YoY
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2nd February 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech Republic: W-shaped recovery averted in 4Q

The Czech flash GDP for the last quarter of 2020 surprised on the upside, despite the second wave of Covid-19. The Czech economy grew slightly by 0.3% quarter-on-quarter, averting a W-shaped recovery scenario. For the whole of 2020, the domestic economy contracted by 5.6%
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1st February 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech Economic Outlook: Emerging from the vale of tears

Waiting for vaccine The economy should return to growth this year with the help of widespread vaccination and economic policy stimulus. The pre-crisis GDP level will likely be reached again as we approach 2022. 
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Members of the American Chamber of Commerce in the Czech Republic