Czech, Slovak dollar millionaires expect crisis inside two years
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, Czech Radio reports.
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 (EUR 901,000) said they did not foresee an economic crisis within the next five years, Czech Radio adds.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.