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
This year, taxpayers in the Czech Republic will spend 174 days working to pay taxes, which is one day fewer than last year. According to Deloitte’s calculations, Tax Freedom Day will fall on 23 June 2019. Approximately the same as in the Czech Republic will apply to Germany and Slovenia. Taxpayers will have to spend the most days paying taxes to the government in France, while the fewest in Romania and Bulgaria.
PwC's Macroeconomics team presents Global Economy Watch, a short publication that looks at the trends and issues that are affecting the global economy and details our latest economic projections for the world's leading economies.
The Czech Republic isn’t exactly known for its customer service. Which is why a new ranking from Dutch start-up Booking.com may come as a bit of surprise to anyone who’s been given the evil eye from an icy receptionist or grouchy waiter, expats.cz writes.
In 2019, smart speakers will be the fastest-growing connected IoT device category. Their market will be worth USD 7 billion. Fifth-generation (5G) wireless networks will burst onto the scene in 2019, and by 2020, around 50 operators will offer this service. Among companies using artificial intelligence (AI), more than two thirds will obtain these capabilities through the cloud. These are some of the conclusions of Deloitte’s Technology, Media & Telecommunications (TMT) Predictions 2019.
Strategic Directions for Czech Economic Policy
- 1) The home of value-added manufacturing
- 2) Prague-Brno-Ostrava Creative Triangle
- 3) Health Care as an export industry
- 4) Government as a competitive advantage
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.