Czech economic output decreases in Q1

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
Czech GDP contracted 1.1% in Q1 compared with the previous quarter, which was worse than expected 0.8% decrease. It was sixth straight quarter when Czech economic output shrunk, the longest recession since 1996, as European debt crisis decreased export demand and lead to less spending by businesses and households. Policy makers are considering an intervention to weaken the Koruna.
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