According to the Czech National Bank, investment-to-GDP ratio has been decreasing over time reflecting the shift of the economy‘s structure to less capital-intensive productions amid gradual real and pricelevel convergence of the country to western standards (prices of imported capital goods declining relatively vis-a-vis prices of domestically produced value added).
Investment activity of government and also corporate sector was strongly influenced by EU funds cycle in 2015-2016 (end/start of the old/new program period). Investment growth recovered in corporate sector in the end of 2016 amid an increasing positive contribution of investment of households into dwellings in recent quarters..
In 2016, a huge drop in government investment is connected with slow drawdown of EU funds from the new program period and problems with environmental impact assessment (EIA) plus a base-effect of the previous year‘s fighter jets contract. In 2017-2018 the growth of government investment will rebound with improved drawdown of European funds from the new program period.
20th November 2017
14th November 2017
7th November 2017
22nd November 2017
21st November 2017