The Czech economy grew by 0.2% qoq in 1Q26, slowing from 0.7% qoq in 4Q25. The second GDP release thus confirmed the preliminary figure published by the Czech Statistical Office roughly a month ago. Economic growth in 1Q26 fell short of our estimate of +0.4% qoq, as well as the market consensus and the CNB forecast, which both anticipated +0.5% qoq. However, the structure of quarter-on-quarter developments broadly matched our expectations. Annual GDP growth then slowed from 2.7% in 4Q25 to 2.2% in 1Q26.