After six quarters of contraction, Czech economy finally sees growth

The Czech Republic’s longest recession on record has come to an end. According to preliminary figures released by the Czech Statistics Office on Wednesday, the economy grew by 0.7 percent in the second quarter of the year – the first growth recorded after six straight quarters of contraction. The upturn has largely been driven by exports, which increased by 1.4 percent in the April to June period.

Author: Ian Willoughby