Czech Republic’s GDP expanded 0.4 percent on quarter in the three months to September 2019, easing from a 0.6 percent advance in the previous period and above preliminary estimates of 0.3 percent. It was the weakest pace of expansion since Q2 2016. Household consumption showed no growth in Q3 (vs 0.8 percent in Q2) and government expenditure slowed (1.0 percent vs 1.3 percent). In addition, gross fixed capital formation dropped further (-0.3 percent vs -0.2 percent) and net foreign demand contributed negatively to growth, as exports went down 0.4 percent (vs 2.0 percent) while imports increased 0.4 percent (vs a flat reading in Q2). Year-on-year, the GDP grew 2.5 percent, less than a 2.7 percent advance in Q2 and in line with preliminary estimates. GDP Growth Rate in Czech Republic averaged 0.59 percent from 1995 until 2019, reaching an all time high of 2.40 percent in the second quarter of 2017 and a record low of -3.50 percent in the first quarter of 2009. source: Czech Statistical Office
GDP Growth Rate in Czech Republic is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Czech Republic to stand at 0.30 in 12 months time. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.