Czech Republic Consumer & Retail Q2 2020
Both economic activity and consumer spending growth will slow, but remain strong, over 2020 in the Czech Republic.Unemployment is reaching its structural levels, further tightening the labour market. As such wages are still growing, boostingdisposable incomes. We note that economic growth remains comparatively strong but is slowing year on year and this will feedthrough into a slightly slower growth outlook for consumer spending over 2020.
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