The second estimate of Czech GDP in 1Q25 showed a substantial upward revision from +0.5% qoq to +0.8% qoq, which was only slightly below our initial forecast of +0.9% qoq. Economic growth therefore continued at a rapid pace, as in 2H24. This was then reflected in the acceleration of annual GDP growth from 1.8% in 4Q24 to 2.2% in 1Q25.