ING Bank Czech Republic: Czech GDP figure better than expected in 4Q18, though sending mixed signals
Czech economic growth was stronger than expected in 4Q18, mainly due to stronger exports and helped by government consumption. On the other hand, household consumption disappointed, which brings some uncertainty to the outlook. We expect GDP growth to decelerate to close to 2.5% this year, after 3% growth in 2018.
2019 European Semester: Czechia: Continued economic growth offers a valuable opportunity to intensify structural reforms
The newest European Semester country report issued by the European Commission assesses Czech progress on structural reforms and outlines macroeconomic prevention and correction measures taken by the Czech government in the past years.
AmCham held its annual Czech real estate update "2018-2019 Commercial Real Estate Review and Outlook" on February 20, featuring Bert Hesselink, CTP, Kevin Turpin, JLL, Katarina Wojtusiak and Klara Bejblova, CBRE, Lenka Sindelarova, BNP Paribas Real Estate.
An analysis conducted by NimbleFins ranked the top 12 countries in Europe for startup businesses, with the indicators being economic health, cost of doing business, business climate, and the quality of labor force, brnodaily.cz writes.
In our Czech practice, we rather frequently encounter cases in which employers mistake one ground for termination "unsatisfactory work results" for another "violation of work-related duties".
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.