Czech GDP Growth Slows in Q2
The Czech Republic's gross domestic product (GDP) advanced 3.6% year-on-year in the second quarter, slower than the previous quarter's revised 4.9% rise, preliminary figures from the Czech Statistical Office (CZSO) showed Friday.
Expenditure on final consumption and gross capital formation contributed positively to year-on-year GDP growth, while the negative influence of foreign demand continued to persist, the Prague-based statistics agency said.
On a quarterly basis, GDP expanded 0.2% in the June quarter, following a 0.9% growth in the March quarter.
In contrast, it was forecast to fall by 0.4%. On the expenditure side, only domestic demand contributed positively to the quarterly GDP growth in the June quarter.
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