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Expectations of Czech economic slowdown

The latest inflation report published by Czech National Bank (CNB) says that Czech companies should prepare for an economic slump through cuts in production and employee lay-offs. An impending end to the investment influx is indicated by changes in the structure of imports, a drop in foreign non-privatization investments, and the development of bank credits in the corporate sector. Experts consider a major factor increasingly sluggish global economies.

(PBJ 05.viii.02)

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