Czech Statistical Office confirms fast-growing economy

The Czech Statistical Office has confirmed strong 4.4 percent annual growth of the economy in Q2 in its revised estimate made public on Friday, while improving its preliminary estimate of a quarter/quarter rise from 0.9 to 1 percent. The Czech Republic is currently showing the most significant growth in all of Europe that, analysts confirmed. The surge is tied to positive developments in the economy, namely boosts in domestic consumption as well as investment.

Author: Jan Velinger