The Czech economy is out of recession but second quarter GDP data on Tuesday was much worse than preliminary estimates and analysts said weakening household demand could slow future growth. Czechs saw their small and open economy plunge into contraction at the end of the last year after a drop in euro zone orders of manufacturing goods, mainly cars and electronics. Data from the statistics bureau showed Czech GDP rose by 0.1% from the first quarter, less than the preliminary estimate showing an increase of 0.3%.
