Czech GDP fell by 5.6 percent last year
In the Czech Republic, gross domestic product (GDP) fell by 5.6 percent year-on-year last year, the Czech Statistical Office (CSÚ) announced on Friday. This is the biggest economic downturn since the formation of the independent Czech state (1993).
Over the past six years, Czech GDP has been growing steadily.
In the last quarter of last year, the year-on-year decline was 4.8 percent, while compared to the previous quarter, it was already up 0.6 percent.
Last year’s performance was also fundamentally affected by the coronavirus pandemic from an economic point of view. (MTI)
Related news
Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research…
Read more >Pécs virologists examine UHT milk to predict epidemics
The National Laboratory of Virology (VNL) of the University of…
Read more >We spend an average of HUF 105,000 per person on domestic travel
60 percent of Hungarians of economically active age have been…
Read more >
More related news >
Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >