Analysts say Czech economy grows by 1.6% in Q3 2011.

By bne IntelliNews November 15, 2011
Czech economy grew by 1.6% y/y in the third quarter of 2011, driven by foreign demand, analysts polled by CTK newswire said. Growth in the countrys gross domestic product (GDP) is expected to ease for the second quarter in a row after in April-June it expanded by 2.2% y/y following a 2.8% rise in the first quarter. In quarterly terms, the GDP is seen growing by 0.2% in July to September 2011, slightly faster than the 0.1% growth in the second quarter. The Czech statistics office will publish preliminary third-quarter GDP data later today (November 15). Europes deepening debt crisis damped demand for exports, the country's main driver for expansion and as a result the government cut in October its estimate for next years growth to 1% from 2.5%. Earlier this month, the central bank also lowered its GDP forecast for 2012 to 1.2% from 2.2%.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335