Czech Republic: Economic Growth Speeding up

Professional ServicesBanks ♦ Published: March 6, 2014; 15:35 ♦ (Vindobona)

In the last quarter in 2013 the Czech economy grew faster than anticipated and even outdid all other EU member countries.

Economic Growth in the Czech Republic was the highest among all EU member countries in the last quarter in 2013. / Picture: © Wikimedia Commons / [Public Domain]

Compared to the third quarter last year GDP increased by 1.9 percent and by 1.3 percent year-on-year, according to reports by CSU, the Czech Statistical Office published today. For 2013 the Czech economy “only” shrank by 1.3 percent which is less than projected. "We saw such a high quarter-on-quarter growth the last time at the beginning of 2007 when the outlook was rosy,"…