Czech economy Q4 growth revised slightly down

PRAGUE: The Czech economy grew a touch slower than projected by previous estimates both on a quarterly and annual basis in the fourth quarter, updated statistics office data showed on Tuesday.

The economy expanded by 0.8 percent quarter-on-quarter, revised down from a previously stated growth of 0.9 percent.

On an annual basis, growth pace reached 2.6 percent, compared to an earlier estimate of 2.8 percent.

The central bank expected the economy to have grown by 2.3 percent in the fourth quarter and 2.8 percent for all of 2018.