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Czech Republic has one of the highest GDP growth rates and lowest unemployment levels in the European Union. Despite this, Czech Republic economy is expected to be adversely affected by COVID-19 pandemic in 2020. The real gross domestic product (GDP) of Czech Republic is expected to shrink, unemployment level to increase and current account balance to continue its negative growth due to COVID-19 this year. As of 10^th June 2020, Czech Republic had 9751 confirmed COVID-19 cases out of which 7053 people have recovered from the disease while 328 have lost their lives.

In this blog post we will be covering economic impact of COVID-19 pandemic alongwithÌýthe containment, social, fiscal, monetary and employment related policies ofÌýCzech Republic under following sections –

1. Impact of COVID-19 on Czech Republic Economy in 2020

2. COVID-19 Containment Measures of Czech Republic

3. COVID-19 Related Fiscal Policy Measures by Czech Republic

4. COVID-19 Related Monetary Policy Measures by Czech Republic

5. COVID-19 Related Employment Policy Measures by Czech Republic

6. COVID-19 Related Social Policy Measures by Czech Republic

We have covered various macroeconomic factors and PESTLE, SWOT and risk analysis for Czech Republic in separate market research reports.

1. Impact of COVID-19 on Czech Republic Economy in 2020

Czech Republic’s real gross domestic product (GDP) was CZK 4859.79 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 6.5% to be around CZK 4543.90 billion in 2020.

Czech Republic’s unemployment rate was 2.001% of total labor force in 2019. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 73.32% and reach 7.5% in 2020.

Czech...