GDP growth at 0.2% in third quarter

09-01-2014

The Czech economy actually grew by 0.2% in the third quarter of last year compared with the previous three month period. But the national statistics office now says Gross Domestic Product was still down by 1.2% on the situation a year earlier, slightly better than its previous figure of a decline of 1.3%.The latest figures appear to shrug off earlier fears expressed by the Czech National Bank that the economy could slip into recession at the end of 2013.