Czech Republic to Crawl out of Recession

Politics ♦ Published: August 15, 2013; 15:18 ♦ (Vindobona)

In the second quarter the Czech economy grew by 0.7 percent compared to the first quarter.

Czech Republic to Crawl out of Recession / Picture: © Vindobona.org

After six quarters, the Czech economy has crawled out of recession. However, on an annual comparison growth decreased by 1.2 percent in the second quarter. This was announced by the Czech Statistical Office (CSU) on Wednesday.

Particularly foreign trade has positively influenced economic development in the second quarter, according to CSU. Exports grew by 1.4 percent on an annual…

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