GDP growth slows down in Q1

Growth of the Czech GDP slowed down to 5.4 percent in the first quarter of 2008, the Czech Statistical Office reported on Thursday. Analysts predicted a slightly higher figure but faster growth has been impeded by price-rises. Czech foreign trade also slowed down in the first three months of 2008 but higher productivity and a lower unemployment rate contributed to the growth of the Czech economy this year.

Author: Jan Richter