Depth of the decline in economic activity broadly in line with the CNB forecast in 2020 Q2
(World News Cezch Republic)

The CNB comments on the GDP figures for 2020 Q2 According to the CZSO`s estimate released today, gross domestic product adjusted for price, seasonal and calendar effects dropped by 11% year on year in 2020 Q2. In quarter-on-quarter terms, economic activity decreased by 8.7%. The decline of the Czech economy was one percentage point smaller than the CNB`s forecast had expected. In view of the unprecedented situation of the Czech economy during the...