OECD gives recommendation to its member countries

Czech Republic should strengthen economic competition, reduce disparity in education and reform its taxation system.

The last issue of the OECD report „Going for Growth“ evaluates the progress in structural reform implementation achieved in the member countries since 2013 and identifies new priorities for growth recovery in the liberalization of trade and investment, skills and knowledge-based capital development, inclusivity and quality of educational system‘s enhancement and innovation‘s stimulation and regulation improvement on the labour markets and product markets.

In its report, the OECD has stressed that structural reforms introduced in the member countries since 2000 have contributed to the growth of the potential GDP by 5 percent on the average. The majority of improvements has been achieved in the sphere of productivity enhancement. The OECD is persuaded that further reforms could increase the GDP per capita by up to 10 percent on the average.

As to the Czech Republic, the OECD recommends to strengthen the economic competition, reduce the disparity in education and enhance the quality of its exit data, remove barriers in women’s participation in the labour market, reform the taxation system and increase the effectivity of the politics supporting the science and research.

OECD report "Going for Growth"

National report