New Market Study Published: Czech Republic Business Forecast Report Q2 2012
Core Views The Czech economy is highly exposed to the ongoing eurozone sovereign debt crisis via investment, banking and trade links. As such, we expect the ongoing slowdown in eurozone demand to translate to weaker exports out of the Czech Republic. Given that domestic demand remains firmly in the doldrums, the country's export-led recovery is likely to experience a sharp slowdown in 2012. While we remain broadly positive towards the Czech Republic's fiscal position given the ongoing commitment of the...
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