Growth of Czech economy slows but trend still healthy

The Czech economy grew by 4.9 percent in the third quarter of this year, a slowdown from 5.2 percent in the second quarter, according to figures released on Friday. That deceleration was due to a decline in agriculture, while foreign trade has remained the driving force of growth.

In spite of the slowdown, the Czech economy has remained the second-fastest growing in central Europe, after Slovakia, and this year's growth in gross domestic product is set to be the fastest since 1995.

Author: Ian Willoughby