Czech Economic Growth Slows Sharply In Q4

The Czech Republic’s mercantile enlargement slowed neatly in a fourth entertain of 2019 to a lowest in scarcely 6 years, rough total from a Czech Statistical Office showed on Friday.

Gross domestic product grew a seasonally practiced 1.7 percent year-on-year after a 2.5 percent enlargement in a third quarter. Economists had foresee 1.9 percent growth. The latest gait of enlargement was a slowest given a initial entertain of 2014, when a economy grew 1.6 percent. The slack was mostly due to a imbecility in a production sector, while services and construction remained successful. Growth was mostly underpinned by domicile consumption. On a quarter-on-quarter basis, GDP rose 0.2 percent after a 0.4 percent enlargement in a prior 3 months. Economists had foresee 0.3 percent growth. The quarterly outcome was also a weakest given a initial entertain of 2014. In a full year 2019, a Czech economy grew 2.4 percent, upheld by domicile expenditure and exports. The economy grew 2.8 percent in a prior year.