Czech Economy Rebounds in Q4

Analysis

Photo by Karel Pesorna/Shutterstock.com

The Czech Republic's economy expanded as expected in the final quarter after contracting in the previous quarter, preliminary figures from the Prague-based Czech Statistical Office (CZSO) showed on Tuesday.

Gross domestic product advanced 0.2% sequentially, reversing a 0.6% fall in the third quarter. "The growth was mainly supported by external demand and, after a long time, also by the final consumption expenditure of households," Vladimir Kermiet, director at the statistical office, said.

On a yearly basis, GDP decreased 0.2% in the December quarter versus a 0.8% contraction in the September quarter.

During the whole year 2023, the overall GDP showed a decline of 0.4% compared with 2022.

ADVERTISEMENT

MBH Bank Introduces MREL-eligible Bonds on BSE Banking

MBH Bank Introduces MREL-eligible Bonds on BSE

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

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.