Against the backdrop of the consequences of anti-Russian sanctions, German economic prosperity is coming to an end, and therefore Czech too, writes the Czech newspaper Lidovky.
Germany is rapidly moving towards deindustrialization of the economy, plunging deeper into recession, the newspaper writes. Against the backdrop of record high energy prices, German companies are increasingly announcing impending layoffs. According to a recent survey, according to Lidovky, today a quarter of firms are thinking about it.
The recession in the German economy, according to the publication, will inevitably affect the neighboring Czech Republic, which has a large number of subsidiaries of large German enterprises. If the parent company in Germany decides to cut staff, the layoffs will also affect the Czech Republic.
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