The Czech Economy and Its Growth Constraints

What is currently holding back the growth of the Czech economy the most?

The Czech economy is growing slowly and its long-term growth potential is weakened.

Which structural factors determine the long-term growth potential?

The main growth constraints are not only short-term, but are linked to structural factors such as productivity, investment, education, and research.

Where does the Czech Republic have the biggest gaps in productivity, investment, and the functioning of the state?

Labor taxation in the Czech Republic is among the highest in the region, and investment incentives have lost importance.

What impact do the labor market, taxes, and demographics have on economic performance?

Demographic aging worsens mobility in the labor market as well as opportunities for further education.

Which areas are key to improving the growth of the Czech economy?

Key areas for improvement include the functioning of the state, the tax system, digitalization, productivity, and education.