Real GDP, which showed a surprisingly marked QoQ decline of 1.3% in Q1 2013, increased by 0.6% QoQ in Q2 2013. The economy technically emerged from the 18-month recession; however, GDP was 1.3% lower than in Q2 2012.

The Financial Policy Department of the Czech Ministry of Finance envisages gradual economic recovery for H2 2013, GDP should decrease by 1.5% this year, primarily due to the deep slump in Q1 2013...

ISSN 1804‐7971