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Czech Republic GDP Growth Rate YoY
Household consumption is the most important component of GDP in the Czech Republic, accounting for 49% of total GDP use. Gross fixed capital formation (25%) and government expenditure (19%) are the next two most important components. Exports of goods and services account for 84% of GDP, while imports account for 77%, with imports contributing 7% to overall GDP.
A higher than expected figure should be seen as positive (bullish) for the CZK while a lower than expected figure should be seen as negative (bearish) for the CZK.
Forex Sentiment (CZK)
News (CZK)
Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
RTTNews | 894 days ago
