Czech GDP fell 11 percent in April-June, revised ČSÚ data show

The Czech economy shrank by 11 percent year-on-year in the second quarter of 2020. Compared to the first quarter, GDP fell by 8.7 percent, according to revised data of the Czech Statistical Office (ČSÚ).

The ČSÚ announced on Tuesday that it was the worst quarterly result since 1993, when the Czech Republic and Slovakia became independent countries. A sharp decline in demand for Czech exports had the greatest negative impact.

The reduction or closure of domestic operations in the industry, trade, transport, hospitality and accommodation sectors – due to emergency measures to contain the coronavirus – also had a significant impact, the ČSÚ said.