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.
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Spotlight issue
OECD Economic Outlook for Czechia (June 2023)
According to OECD, GDP growth in Czechia will slow to 0.3% in 2023, before picking up to 2.4% in 2024. In 2023, high energy prices, tight financing conditions and weak sentiment will hold back private investment, and still elevated inflation will constrain private consumption. Private consumption will pick up in 2024, underpinned by growing real wages. Inflation will start falling from currently high levels but will only approach the 2% target towards the end of 2024. The unemployment rate will remain low, close to 3%.
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Digitization of Czechia conference: Is digitization priority no. 1 for Czechia?
Last year, when Estonia's former digital advisor Marten Kaevats joined our Digitization of Czechia session, he suggested to Deputy Prime Minister Ivan Bartoš that any minister of digitization should change his title to minister for getting stuff done. What Marten meant is that digitizing a country's public sector is an accumulation of projects, a sort of stacking of stone blocks that ultimately construct the pyramid.
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