tag:blogger.com,1999:blog-25064605.post499189416309693099..comments2009-12-08T05:54:04.636-08:00Comments on Czech Republic Economy Watch: Czech Retail Sales May 2008Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-25064605.post-89174639128885644952008-07-26T07:58:00.000-07:002008-07-26T07:58:00.000-07:00"based on local knowledge I see the Czech economy ..."based on local knowledge I see the Czech economy now slowing dramatically. "<BR/><BR/>And looking at what I can see in the short term data I can only agree.<BR/><BR/>"I suspect from conversations that we will see tourism (spend) well down this summer."<BR/><BR/>Again, I agree. It's now much more expensive for people from the US, and here in Europe most countries are hovering around on the verge of recession. Plus the cost of travel just shot up. Here in Spain tourism is significantly down.<BR/><BR/>Plus, German business confidence took the biggest knock since 09/11 in July, so watch out is what I would say. And Q3 in the CR will probably be a lot worse than Q2.<BR/><BR/>Anyway, thanks for your on the spot observations, and do keep them coming.Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-25064605.post-49282043235436898362008-07-26T02:44:00.000-07:002008-07-26T02:44:00.000-07:00based on local knowledge I see the Czech economy n...based on local knowledge I see the Czech economy now slowing dramatically. The sales of new property and completions are now coming to an end and people who committed to off plan developments are furnishing. Equally the sales of food bieng down surprises me but shows the real effect of rising prices on peoples pay packets. I suspect from conversations that we will see tourism (spend) well down this summer.Anonymousnoreply@blogger.com