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ČBA: Economy’s development depends on economic policy

(ČIA) The services sector will be hardest hit by the crisis caused by the COVID-19 outbreak. This was the view shared by the economists of the member institutions of the Czech Banking Association (ČBA). According to them, the speed and targeting of economic policies, including monetary and fiscal policy, is most important for the return to normal, which cannot be expected quickly. Above all, it will be crucial to revive exports and keep unemployment low. At the same time, ČBA informed that it will not publish a regular macroeconomic forecast for April, as the course and consequences of the crisis cannot now be fully predicted.

 

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