Czech economy stagnated in Q2

The Czech economy stagnated in the second quarter of this year compared to the previous quarter, according to figures by the Czech Statistics Office released on Thursday. Compared to the same period last year, the economy recorded a 2.6 percent growth. Most analysts expected a 0.3 growth in the second quarter but the statistics office said a drop in tobacco excise tax was behind the stagnation, with people massively stocking up on cigarettes and other tobacco products before the end of last year.