Czech Republic GDP growth revised higher in Q4
The Czech Republic economy expanded 0.6% quarter-on-quarter in the fourth quarter of 2020, slightly higher than initial estimates of a 0.3% rise, figures from the Prague-based Statistical Office (CZSO) showed on Tuesday.
Government spending increased 5.5%, exports surged 6.6% and imports rose 6.6%.
In contrast, household spending fell 4.2% and gross fixed capital formation edged down 0.3%. Year-on-year, the gross domestic product (GDP) shrank 4.7%, compared to a preliminary estimate of a 5% decline and following a downwardly revised 4.9% slump in the previous period. In 2020, the GDP contracted by 5.6%, the most on record amid the coronavirus epidemic.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.