Growth of the Czech economy slowed to 3% in 2018, from 4.5% in 2017, driven by domestic demand, according to preliminary estimate published by the Czech Statistics Office (CSO) on February 15. In the 4Q18, domestic GDP grew by 2.9% year-on-year.
The Czech current account printed a surplus of CZK38.2bn (€1.48bn) in 2018, a year-on-year decrease by almost CZK16bn (€620.28mn), according to preliminary data released by the Czech National Bank (CNB) on February 13.
Czech inflation rate increased by 2.5% year-on-year in January from 2.0% in December 2019, mostly due to increase in housing prices, according to the Czech Statistical Office data
Unemployment rate in the Czech Republic swelled to 3.3% in January from 3.1% in December, due to typical seasonality during winter months, according to the Czech Labour Office data released on February 8. “The situation on the labour market has been
The Czech economy has improved its position in the annual Bloomberg 2019 Innovation Index by three places to the 25th position, the biggest improvement among other Central European countries. Ukraine was the worst performer.