IMF Regional Outlook: Europe continues to enjoy strong growth but recent indicators suggest that momentum is leveling-off
All European economies grew in 2017, and the outlook remains favorable in the short run, says the IMF’s latest regional report. But for growth to last beyond the current upswing, European countries will need to loosen structural constraints on growth, which range from barriers to investment to dwindling competitiveness.
Investor demand remains very strong on the Czech market and it seems that the only thing that can limit further growth is the lack of available product in most market segments. Mike Atwell, Regional Director, Head of Capital Markets Czech Republic and Leader Director CEE Capital Markets at JLL shared his expectations for the Czech market.
On May 16 Stanislav Kouba, a director of the Income Tax Department, Ministry of Finance discussed the Income Tax Act and future tax policy with Peter Chrenko, Partner at PwC and the American Chamber of Commerce members at AmCham roundtable.
"Helping people upskill and adapt to a fastchanging world of work will be the defining challenge of our time. We need aggressive workforce development to address the widening gap between the Haves and the Have Nots. Now is the time for leaders to be responsive and responsible: we cannot slow the rate of technological advance or globalization, but we can invest in employees’ skills to increase the resilience of our people and organizations. Individuals also need to nurture their learnability," Jonas Prising said during a discussion with CEOs of major companies operating in the Czech Republic.
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.