Recently Released Market Study: Czech Republic Food & Drink Report Q1 2013
The Czech consumer outlook continues to remain extremely challenging. We forecast the Czech economy will remain in recession this year to the tune of 0.7% before recovering to 0.8% real GDP growth in 2013. Additionally, the ongoing eurozone sovereign debt crisis will continue to depress domestic activity in the Czech Republic via weaker exports and investments. Meanwhile, the government's sustained fiscal austerity drive will result in lower household spending.
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