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Development of the Czech Economy - 1st quarter 2016
Český statistický úřad
In the first quarter of 2016, the Czech economy grew to a successful year last year, when both GDP1 and gross value added grew by 3.0% year on year. However, the growth rate of both indicators weakened (from +4.3% in 2015 for GDP and +3.7% in the case of gross value added), as they showed a high base of comparison for the first quarter of 2015 and a decrease in the general government sector Related to the closure of drawings from the European funds in the 2007-2013 programming period.
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