Friday, 26 June 2020

Coronavirus underscores advantages, disadvantages of Czech economy being most industrial in Europe, ex-central banker says

Radio Prague |
26 June 2020

The lower house of parliament on Tuesday approved a rise in the 2020 central state budget deficit to a record CZK 500 billion, in the first of three scheduled readings. Will it be sufficient to shore up the economy, projected to contract by 8% already this year? And is the country over reliant on the automotive industry?