Leading Indicators Confirm Recession

July 2009
Emerging Europe Monitor: Central Europe & Baltic States;Jul2009, Vol. 16 Issue 7, p1
Country Report
The article reveals that leading economic indicators combined with first quarter 2009 preliminary gross domestic product (GDP) growth have confirmed predictions that the Czech economy will suffer a recession during the year. Forecast for the country's real GDP is revised to 3.1% from 2.1%, anticipating a worse than expected export climate. Analysts also maintained their core view that the country is at the lowest risk of systematic economic crisis, along with Poland and Slovakia.


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