The Czech economy is expanding
The economy bottomed in 2Q but has now started to rebound. In the second quarter, the economic situation could be better than we had initially expected. However, for the coming quarters, we now expect a lower growth rate. All in all, the economy is likely return to pre-crisis levels by the end of 2021.
On 31 August 2020, most of the measures introduced by the so-called lex covid, the law adopted to mitigate the effects of a pandemic in relation (not only) to insolvency law, will terminated.
Almost Half of Chemical Companies Fear Losing Markets Due to Not Meeting Customers’ Needs, New Research from Accenture Shows
But two-thirds say getting customer centricity right can boost profits by more than 10%
Despite seeing customer centricity ― i.e., the ability to anticipate and meet customer needs ― as a top priority, nearly half (46%) of chemical companies/suppliers say they’re struggling to get it right and fear competitors will take their customers, according to new research from Accenture (NYSE: ACN).
In mid-July, the European Commission published a first draft of a new tax package aimed to boost the economy and create fair and simple taxation rules within the EU. A more detailed version will be published at the end of 2020, should the OECD’s initiatives mainly regarding corporate and digital tax fail to be implemented.
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.