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Czech retail sales grow at fastest pace since Lehman fall

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Czech retail sales grew at the fastest pace since Lehman Brothers Holdings Inc. collapsed six years ago, helping the economy recover from its longest recession on record. Sales jumped 8.2% from a year earlier in June after a 0.6% decline the previous month, the Statistics Office in Prague said Tuesday in a statement. That’s the fastest since September 2008 and quicker than the 4.5% median estimate in a Bloomberg survey of 11 analysts.

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