Czech  GDP Growth Drops in Q3
Czech  GDP Growth Drops in Q3

Czech GDP Growth Drops in Q3

Czech GDP Growth Drops in Q3

The Czech Republic’s economy had grown 2.5% on sequential basis in the second quarter of this year and had expanded 4.7% year-on-year. The 2.5% print was the highest quarter-on-quarter in the modern era, Econotimes reported. Even if the economic scenario is more or less the same at the moment, the economic growth is expected to have decelerated in the third quarter, owing mainly to a slightly lower investment expenditure and higher imports, driven by strong domestic demand, noted Erste Group Research. The Czech economy is likely to have recorded -0.3% sequentially in the third quarter and 4.1% on a year-on-year basis. The economic development in Czech Republic is expected to stay favorable in the quarters ahead, as GDP growth might come in at 4.1% for the whole of 2017 and at 3.4% next year. “The slowdown in 2018 will be affected by the appreciating koruna and higher Czech National Bank rates, but does not mean any important change in the economic story, in our view”, added Erste Group Research.


Short URL : https://goo.gl/71idp6
  1. https://goo.gl/ooqY9S
  • https://goo.gl/xdRdks
  • https://goo.gl/D8ah8M
  • https://goo.gl/doMXuK
  • https://goo.gl/uRx68y

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
UK Economy Will Shrink Without Brexit Deal
Britain’s economy will shrink if the country leaves the...

Add new comment

Read our comment policy before posting your viewpoints