Czech Republic Food & Drink Report Q3 2013 - New Study Released
We expect the Czech consumer sector to remain challenging owing to the ongoing weakness of the economy, and as the government's commitment to fiscal consolidation measures will restrain household and public consumption in 2013. Real GDP readings from Q412 confirm that the Czech Republic remains mired in recession, with economic activity contracting by 1.7% year-on-year, representing the fourth consecutive quarter of economic contraction to date. Czech household consumption remains stubbornly weak as government austerity measures erode disposable income and keep...
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