Survey: 90 percent of Czech CEOs believe Czechia headed for recession

Czechia is headed for a recession, according to a survey by the consulting company PwC in which 90 percent of CEOs of large and medium-sized domestic companies expressed this opinion. A large number of them anticipate a decline in the economy as early as the first half of 2023. Only nine percent of directors believe that the country will avoid recession in the next two years. For 40 percent, this year was the most difficult year in recent times.