27 June 2025, 15:21 Czech Republic: Q1 GDP Revised Lower.
The Czech Republic’s gross domestic product grew by 0.7% quarter-on-quarter in the first quarter of 2025, slightly below the second estimate of 0.8% and easing from an upwardly revised 0.8% rise in the previous three-month period. Household consumption experienced slower growth (0.5% vs 1% in Q4), while declines were seen for government spending (-0.2% vs 0.5%) and gross fixed capital formation (-0.2% vs 1.3%). Meanwhile, net trade contributed positively to the GDP, as exports (2.6% vs -1%) increased more than imports (1.9% vs -0.9%). On a yearly basis, the economy expanded by 2.4% in Q1, higher than estimates of 2.2% and compared to an upwardly revised 1.9% advance in the previous period.
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