Czech Republic Consumer Electronics Q1 2020
Growth in consumer electronics device spending the Czech Republic over 2020-2023 is forecast to be sustained byincreases in consumer purchasing power as wages rise and the koruna appreciates. This will allow vendors to generate higher unitprices on replacement sales as affordability in local currency terms increases, which will allow them to move beyond the volumebottleneck that exists due to a mature market, lengthening replacement cycles and a demographic drag. Given this growthdynamic, the main downside risk is for a weaker economic growth outlook, with the main threats in the form of a weaker externalenvironment due to eurozone recession, disorderly Brexit or US protectionism.
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