Czech Republic GDP growth revised higher in Q4

Figures

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. 

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.