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Comments on macroeconomic indicators: Czech economy slows down
2/14/2020 4:13 PM
In 4Q20,
the Czech economy slowed to 0.2%, from 0.4% qoq growth in the third quarter.
This resulted in a slowdown to 1.7% year-on-year from a previous 2.5%.
According to a Czech Statistical Office (CZSO) report, the services and
construction sectors contributed the most to this, although we also note that
the manufacturing industry no longer contributed to the added value, which was not
surprising given the data coming from this sector. The slowdown in the economy
is also visible in the employment trend, which decreased by 0.3% vs the
previous quarter. The detailed GDP structure is not yet available and will be
published in early March. The Czech National Bank projected GDP growth of 1.9%
and were therefore not fundamentally different to today's statistics.
Other commentaries
- 2/14/2020 4:13 PMComments on macroeconomic indicators: Czech economy slows down
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