Czech economy dropped by 10.9 percent in Q2

The Czech economy experienced a fall of 10.9 percent in the second quarter of 2020, according to revised data released by the Czech Statistics Office on Friday. The statistic is the worst in the history of the independent Czech Republic and was primarily caused by the restrictive measures connected to the coronavirus pandemic.

Estimates predicted a year-on-year fall of 10.7 percent and a quarter-on-quarter of 8.4 percent.

According to experts, the quarter-on-quarter GDP is expected to increase again after most restrictions on economic activity have been lifted.