Czech GDP growth in first quarter higher than original estimate and highest since crisis

Czech gross domestic product grew by 2.9 percent year on year and 0.8 percent quarter on quarter in the first three months of this year. The revised figures, released on Tuesday, are higher than a previous estimate published four weeks ago. The growth rate was the highest since the 2008 financial crisis. It has been attributed to rising domestic and foreign demand, particularly from Germany, and a very low base last year.