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Investing.com -- The Czech economy grew by 0.2% quarter-on-quarter and 2.4% year-on-year in the second quarter of 2025, according to preliminary estimates.
This represents a significant slowdown from the first quarter’s growth rate of 0.7% quarter-on-quarter. The deceleration can be attributed to the impact of tariffs imposed by the United States on European goods.
During the first quarter, Czech exports saw a strong increase as American importers stockpiled European products ahead of the tariff implementation. The second quarter then experienced a correction in foreign trade, which was further intensified by the 10% tariffs on European goods that took effect in the US in April.
When adjusted for various one-off factors including the tariffs, GDP growth for the first two quarters of 2025 is estimated at 0.4-0.5% quarter-on-quarter. This performance is considered relatively favorable, especially given the weak macroeconomic conditions in neighboring Germany.
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