Economic freedom in the world has declined to a record low, shows the Economic Freedom Index published by the Fraser Institute. The recent World Economic Freedom Index is based on data for 2020 but it shows a clear trend: as the government sector grows, it is becoming harder for citizens and businesses to breathe. The Fraser Institute analysts say this is largely due to the COVID-19 pandemic.
Last week, Canadian Fraser Institute released new rankings of economic freedom in the world which is measured by a tool called “Economic Freedom of the World Index”. The results, calculated and presented since 1996 with participation of Liberalni Institut and nowadays by Centre for Economic and Market Analyses, conclude that the Czech Republic is 52nd freest country in the world. The final score the Czech Republic reached is 7.25 out of the maximum value of…
