According to the 2018 Global Peace Index published by the Institute for Economics and Peace, the results find that the global level of peace has deteriorated by 0.27 per cent in the last year, marking the fourth successive year of deteriorations. Ninety-two countries deteriorated, while 71 countries improved. The 2018 GPI reveals a world in which the tensions, conflicts, and crises that emerged in the past decade remain unresolved...
CPI accelerated to 2.2% in May after 1.9% in April. While this was mainly due to the effect of higher food and fuel prices, prices of services also accelerated by 2.8%. Inflationary pressures tied to strong wage growth and a weaker Czech koruna favour a rate hike at the end of June
According to the international real estate advisory, BNP Paribas Real Estate, there are 61 coworking centres in Czech Republic, 26 are situated in Prague. Total size of the centres currently in operation stands at 19,000 sq m. In addition, BNP Paribas Real Estate records 18,000 sq m of serviced offices.
April industrial production disappointed the market with 5.5% year on year growth, due to a higher number of working days. Still, the weaker-than-expected result was mainly driven by the energy sector, which fell by 20% YoY in April due to one-off shutdowns and warmer weather.
Industrial production in April disappointed when it grew only 5.5% yoy despite having two more working days. Adjusted by calendar effects, it even declined 0.2%. The second quarter started well for construction. Mainly production in building construction is flourishing because of higher investment activity in the private sector as well as higher construction of residential buildings. The trade balance statistics printed above expectations, showing a surplus that was CZK 3bn higher than a year ago.
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.