Czech GDP expected to grow 1.1 pct in 2024: finance ministry


PRAGUE, Nov. 6 (Xinhua) -- Although the Czech Republic's gross domestic product (GDP) fell by 0.1 percent last year, it is expected to grow by 1.1 percent this year, the Ministry of Finance said on Wednesday.

The ministry attributed the 2024 growth mainly to the increase in household consumption. "The external trade balance is also expected to provide a significant boost to the economy," it said in a statement.

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