The latest inflation report published by Czech National Bank (CNB) says that Czech companies should prepare for an economic slump through cuts in production and employee lay-offs. An impending end to the investment influx is indicated by changes in the structure of imports, a drop in foreign non-privatization investments, and the development of bank credits in the corporate sector. Experts consider a major factor increasingly sluggish global economies.

(PBJ 05.viii.02)