Productivity of the Czech Economy

Data & Technology
The topic focuses on weak productivity as one of the main barriers to the growth of the Czech economy and on areas where there is room for improvement.

Key questions and insights

Why is productivity in the Czech economy declining?

Productivity in the Czech economy is declining.

Which factors have been holding back economic growth in the long term?

The main problem of growth does not lie in short-term brakes, but in the long-term exhaustion of growth factors.

Where is there the greatest room to increase productivity and performance?

Areas with the greatest room for improvement include a well-functioning state, the tax system, digitalization, education, and research.

How do investment, digitalization, and education affect productivity?

Weak foreign demand, high energy prices, and interest rates are among the short-term brakes on growth.

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