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

10th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Inflation below 3% thanks to lower energy prices

In October, Czech consumer prices decelerated due to lower prices of energy. Inflation declined slightly below the market expectation as well as below the CNB forecast. However, the surprise was small while core inflation remained elevated at 3.7% yoy. Monetary policy has no reason for change, and the central bank will wait for further development.
View more

5th November 2020 / Economic policy / Business and Industry

AmCham 2020 General Assembly: Debating the key questions facing your business and the Czech economy - Residential Real Estate

As part of our general assembly series of key issues of the pandemic, the Real Estate Council discussed what is happening in the residential market. 
View more

4th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

The economy recovered significantly but unfortunately only temporarily

According to the CZSO's preliminary estimate published today, the Czech economy strongly rebounded in 3Q. Domestic GDP grew 6.2% qoq, and its yoy decline thus slowed to 5.8%. Compared with market expectations, this was a slightly better result, as the analysts expected GDP to rise 5.0% qoq on average. The economy also performed better compared with our forecast, which expected 5.3% qoq growth. The Czech National Bank was much more pessimistic, as it predicted an increase in economic activity of only 2.8% in its latest forecast.
View more

Members of the American Chamber of Commerce in the Czech Republic