Czech economy grows by 2.5 percent in first quarter

The Czech economy has grown by 2.5 percent in the first quarter of the year compared with the same period a year earlier according to the Czech Statistics Office. That’s a lot higher than was previously expected and the strongest quarterly figure for the last three years. The office has previously estimated that the economy grew by 2.0 percent between January and March. Even so, the advance puts the Czech economy just slightly below the level it was at in the third quarter of 2011, when the country started to slip into recession.

Author: Chris Johnstone