economists

Economists are appalled by fuel price developments. It may be the most expensive in almost 10 years

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– Leading Czech economists also have a heavy head from the unpredictable development of fuel prices. They can’t agree on how deep we still have to reach into our pockets either. But one thing is certain, according to most of them, it will become more expensive, and significantly. We asked economists how much they think … Read more

There is a risk of further price increases! Experts said how the fall of the Chinese giant would affect the Czechia

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– Indebted Chinese developer Evergrande must pay interest on foreign bonds in the amount of $ 83.5 million (roughly 1.8 billion crowns) by Thursday. Otherwise, real estate companies would face bankruptcy. According to experts, this could also affect the Czech economy. It is not yet clear whether the Chinese company Evergrande will pay interest. The … Read more

The World Bank scandal over manipulating China’s ratings is raising concerns among economists

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Economists and investment funds are concerned about the revelation that the World Bank’s (WB) leadership has put “disproportionate pressure” on employees to improve China’s rating in the bank’s influential Doing Business 2018 report and its subsequent withdrawal. The cancellation of a report that rated countries on how easy it is to do business could make … Read more

The most expensive Christmas in history awaits us! Don’t delay with gifts, economists warn

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Roughly eight thousand crowns, the Czechs could give such an amount this year for an average of Christmas presents, another six thousand crowns will be spent on food, decorations or trees. “In total, about 122 billion crowns will be spent on Christmas, “Predicts economist Štěpán Křeček. “The Czechs are waiting for the most expensive Christmas … Read more

Money loses value due to inflation. The economist advises how not to lose savings

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Money loses its value. If you have a million saved in your account, you will lose 150,000 in five years with three percent inflation and a quarter of a million in 10 years. The old Jewish saying “keep one-third in cash, one-third in gold, and one-third in real estate” still applies. Today, the possibilities are … Read more

The Czechia is expecting another rise in price. Prices of petrol, water and clothing will rise

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The inflation rate reached 2.8% in June, down 0.1 percentage point from May. However, consumer prices are still high and threaten to rise by the end of the year. “Inflation will accelerate further in the coming months; growth above the level of three percent cannot be ruled out on a temporary basis,” said economist Lukáš … Read more