Confidence in The Czech Economy Falls: Everyone’s Pessimistic
The confidence in the Czech economy among entrepreneurs and consumers fell by 4.4 points to 82 points in November compared to October results. According to the Czech Statistical Office, the most serious decrease was recorded in the entrepreneurial sector which was affected by the COVID-19 restrictions. The business indicator fell to 81.7 points while the consumer one fell to 83.1 points. Jiří Obst, head of the CZSO business cycle survey department, stated: “The current situation still raises great concerns about the deterioration of the overall economic situation.” The number of people who are afraid of unemployment is also growing significantly, Obst added. The pessimistic mood for the Czech economy started to spread again due to the second wave and anti-epidemicRead more.