Dollar millionaires in the Czech Republic and Slovakia believe the next economic crisis is likely to arrive in two years or less, suggests the latest edition of the annual Wealth Report compiled by J&T Banka. One in 10 of those surveyed believe a crisis will come within the next 12 months. However, the respondents in the study do not expect the next economic downturn to have as much impact as the crash of 2008.
Hardly any of the 165 Czech and 117 Slovak clients of the bank with savings of at least CZK 23 million said they did not foresee an economic crisis within the next five years.
Forgotten Czech net bag makes a comeback
Czechs and Germans in 1930s Czechoslovakia: a complex picture
Iconic Czech brands that survived competition from the West after the fall of communism
Škoda unveils 4th-generation Octavia ahead of model’s 60th anniversary
15 years later – was ending military service right move for Czech Republic?