The Czech economy moved deeper into recession in the second quarter, the preliminary estimate published by the Czech Statistical Office showed Tuesday.
Gross domestic product fell 1.2 percent from a year ago, following a 0.7 percent contraction in the first quarter. The decline exceeded the 1.1 percent drop forecast by economists.
On a sequential basis, the economy shrank 0.2 percent, in line with economists' expectations. GDP was down 0.8 percent in the first three months of 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.