Czech Economy Rebounds in Q4
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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.
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