How to restart the economy while taming inflation
The Czech economy has gone through a “perfect storm”. The coronavirus shock was replaced by a price shock, which was soon joined by the war in Ukraine and the related energy shock. Uncertainty has reached extreme levels. The production capacity of the economy decreased under the weight of the shock, and the rapid growth of production and living costs led companies and households to save. Starting the economy will require structural changes, modernization of the economy, strengthening of its resilience, investment in new technologies but also people – human capital. The Czech economy is in the phase of searching for new powerful engines of growth.