Crisis measures against coronavirus in Germany and their potential impact on Czech citizens and businesses
Due to the global pandemic of the novel coronavirus known as COVID-19, Germany has taken decisive measures to protect its inhabitants. Germany is in a somewhat unique position mainly because of its internal organization, with some things (such as security and borders) falling under the competency of the federation, while others fall under the individual federal states (such as the school system).
How will the declared state of emergency and associated restrictions on free movement
affect General Meetings and corporate management? Many corporations are asking this
question at the moment
We expect the Czech National Bank to cut its key repo rate by a further 50bp at its monetary policy meeting on Thursday, mainly due to the still-worsening growth outlook for the Czech economy as a result of the COVID-19 pandemic. The koruna could therefore depreciate further vs the euro, prompting the CNB to react. We do not expect it to implement quantitative easing measures, however.
Businesses around the world are reacting to a situation that's changing hourly. But they also need to look further ahead. We asked Emilia Skirmuntt, a virologist at the University of Oxford, to set out – with no hyperbole – the possible scenarios businesses must plan for. The views expressed in this article are those of the author and not of the University of Oxford.
Strategic Directions for Czech Economic Policy
- 1) Transition to High-Tech Manufacturing
- 2) The City Campus as Idea Factory
- 3) Government Programs That Drive Innovation
- 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.