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Czechia: GDP growing also in second quarter of 2019

Increasing +0.9 compared to Q1, +2.7% year-on-year

15 August, 12:24
(ANSA) - BELGRADE, 15 AUG - The Czech economy grew by 0.6% on a quarterly basis and by 2.7% year-on-year in the second quarter of 2019 according to a preliminary estimate, the Czech Statistical Office (CZSO) informed. "Final consumption expenditure supported mainly by household consumption was the dominant growth factor of the GDP" together with external demand, which "significantly contributed to the GDP growth," the CZSO said. "Favourable economic development continued in most of the economic activities of Czech economy," the statistical office added. According to analysts quoted by the specialized portal Bne Intellinews, the continuous growth in the Czech Republic, above is potential, is a positive sign, taking into accounts the troubles of the German economy. Experts underlined that strong domestic demand is providing a significant support to the growth. (ANSA).

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