Economists suggest recession over
Economists suggest the longest recession in modern Czech history may be over. The results of the second quarter, which are to be officially announced on Wednesday, reportedly indicate a GDP growth of 0.6 percent quarter-on-quarter. In the first quarter of this year the economy contracted by 1.3 percent Q/Q, the steepest drop since the recession started. According to analysts the recession, which lasted for six straight quarters, is over but the economy may continue to feel the after-effects for another 18 months.