Czech Republic: Recession Not Managed Yet

Business › Economy ♦ Published: November 15, 2013; 18:30 ♦ (Vindobona)

The GDP decrease is expected to reach 1.6% this year. The downward trend decelerates, however.

Czech Republic: Recession Not Managed Yet / Picture: © Vindobona.org

According to the preliminary estimate of the Czech Statistical Office, the gross domestic product adjusted for price, seasonal, and calendar effects decreased in the Q3 2013 by 1.6%, year-on-year; in the quarter-on-quarter comparison it was by 0.5%.

In the Q3 2013 the gross domestic product…

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