Ever since the onset of the global economic crisis, the Czech Republic has
been spared some of the stronger side-effects of the financial slowdown,
particularly when compared to its western neighbours. However, a new set of
economic data suggests that the country’s period of economic upswing is
over. Although talk of an actual recession is still rare, the forecast,
with job losses, a growing trade deficit and decreased consumer demand, is
becoming increasingly gloomy.