The Czech economy expanded 0.6 percent on quarter in the three months to June 2019, the same pace as in the previous period and slightly above market expectations of 0.5 percent, a preliminary estimate showed. Growth was mainly supported by household consumption and external demand, while fixed investment slowed. On the production side, the highest contribution to the growth came from trade, transportation and storage, and accommodation and food service activities. Year-on-year, the economy expanded 2.7 percent, also above consensus of 2.6 percent. 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.
GDP Growth Rate in Czech Republic is expected to be 0.60 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 0.60 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.