Czech Republic GDP

Czech Republic

Economy moderates in second quarter

In the second quarter, GDP expanded 2.4% over the same period last year, according to the flash estimate released by the National Statistics Office on 16 August. The quarterly reading was below both the 2.8% increase observed in the first quarter and the Central Bank's growth estimate of 2.5%, but overshot market expectations of a 2.3% rise. On a quarter-on-quarter basis, GDP rose a seasonally adjusted 0.2%, which was below the 0.9% expansion observed in the first quarter. A complete and more detailed data set will be published on 9 September. The Central Bank sees the economy growing 2.1% this year, while for 2012 the Bank revised its growth estimates and now expects the economy to expand 2.2%, down from its previous 2.8% estimate. Monetary authorities argued that the austerity measures adopted by the government this year are likely to continue to dent economic growth in the coming year.

Sample Report

Looking for forecasts related to GDP in Czech Republic? Download a sample report now.


Czech Republic Economic News

More news

Search form