Czech economy grows 2.4 percent in Q1, fastest pace in nearly three years

The Czech economy expanded by 2.4 percent year-on-year in the first quarter of 2025, the fastest growth since mid-2022, according to updated data released by the Czech Statistical Office (ČSÚ). The figure revises an earlier estimate of 2.2 percent. Quarter-on-quarter, GDP rose by 0.7 percent, slightly below the initial estimate of 0.8 percent. The growth was driven primarily by household and government spending, while foreign trade had a negative impact.  Analysts expect the economy to grow by around two percent for the full year, up from one percent in 2024, with household consumption remaining the main driver.