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Czech News in English » Business » Growth of economy accelerated to 0.4 % in 4Q 2016

Growth of economy accelerated to 0.4 % in 4Q 2016

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In 4Q 2016 the growth of the Czech economy accelerated q/q to 0.4 %. Compared to the same quarter of 2016 GDP adjusted for price and seasonal effects grew 1.9 %. This was stated in an analysis by the Czech Statistical Office (ÈSÚ), according to which growth was supported especially by household consumption and foreign demand. Gross value added grew 0.3 % q/q and 1.6 % y/y in 4Q. Overall employment increased by 0.7 % on the preceding quarter and was up 2.1 % y/y.

Source: www.cianews.cz

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