The grey economy swallows a trillion crowns in the Czech Republic
The informal economy is taking almost 14% of the Czech economy’s output. According to the study, it is most widespread in industry, construction and trade. The grey or untaxed economy swallows about a seventh of the gross domestic product in the Czechia. This is according to the newly published study Informal Economy in Czechia 2023, commissioned by the card company Visa. The study was prepared for Visa this spring by Kearney, a strategic management consulting firm, in cooperation with Friedrich Schneider, an economics professor..
Source seznamzpravy.cz/seda-ekonomika-polyka-v-cesku-bilion-korun