Last year, the Czech economy fell 5.6 percent

By: Trademagazin editor Date: 2021. 02. 02. 11:01

Last year, gross domestic product (GDP) in the Czech Republic fell by 5.6 percent; this is the biggest economic downturn ever since the creation of the independent Czech Republic (1993), the Czech Statistical Office (CSÚ) said in Prague on Tuesday.

Over the past six years, GDP has grown steadily. In the last quarter of last year, the year-on-year decline was 5 percent, while quarter-on-quarter growth was already 0.3 percent.

Before last year, in 2019, the Czech economy grew by 2.2 percent. (MTI)