Czech Republic

We are now entering the insolvency phase of this recession, where, despite government's best efforts, the weakest companies go under and unemployment rises. This shakeout will take months. But the economy will rebound out of recession well…

The “lesson” is over in China. Brazil is in flux and there is some room to be optimistic. Indonesia is finally increasing subsidized fuel prices. The Turkish central bank is stepping up even more. The Czech National Bank is moving closer…

Czech voters are deeply dissatisfied and in a highly skeptical mood, since following seven quarters without growth the country’s economy is evidently stuck in the doldrums. The worst part is things look highly unlikely to improve anytime…

It looks like the EU has finally figured out that austerity is anti-growth and that in the EU context this is leading to debt deflation. The word on the street is that the EU is prepared to temporarily relax the 3% Maastricht hurdle. This…

The Czech Republic is the first economy in central and eastern Europe to slide back into a full technical recession during the current downturn (evidently it is unlikely to be the last).