Growing consumption expenditure of households and expenditure on the gross fixed capital formation were key factors of the economic growth in Q4, while government spending contracted, and net external demand contributed negatively to the gross domestic product, with exports falling and imports rising, the Prague-based statistics agency said.
On a yearly basis, the economy advanced 1.8%, quicker than the flash estimate of 1.7% had indicated. Considering the 2019 full year, GDP growth eased to 2.4% from 2.8% in 2018, CZSO said.
