Market Beat

Czech Republic : Economic Snapshot - Q1 2013

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Contraction within the Czech economy continued in Q4, driven by depressed investment and exports. Recession was eased somewhat by a strong rebound in private spending (0.9% q/q) – a result of consumers spending their cash in anticipation of the January VAT hike. Nevertheless, the underlying outlook for consumers is weak due to ongoing austerity and the faltering labour market.

Source : Cushman & Wakefield

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Mots-clés : Cushman & Wakefield