Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Czech economy in longest recession in country’s history

Share on facebook
Share on twitter
Share on linkedin
Table of Contents

The Czech economy has contracted for the sixth quarter in a row. It is the longest recession in the history of the country. According to preliminary data released by the Czech Statistical Office, Czech GDP in the first quarter of 2013 dropped 0.8% from the previous quarter, and decreased by 1.9% from the same period in 2012. Experts expected a less dramatic economic slowdown. The decrease in the first quarter of 2013 was driven above all by a drop in foreign demand and uneven tax collection.

most viewed

Subscribe Now