x

Coronavirus

The Economy in the Czech Republic Experienced a Record Decline in 2020

February 2, 2021

PRAGUE — The economy in the Czech Republic experienced a record decline in 2020 amid the coronavirus pandemic.

The preliminary figures from the Czech Statistics Office released on Tuesday show that the Czech economy contracted by 5.6% last year compared with the previous year.

It is the worst result for the economy since the split of Czechoslovakia in 1993.

In the last quarter of 2020, the economy expanded by 0.3% compared with the previous quarter, mainly due to demand for Czech goods from abroad. The office said local household consumption and investments were down throughout the year.

The export-oriented Czech economy relies heavily on car production, an industry badly hit by the pandemic.

RELATED

ATHENS – While the New Democracy government is easing health restrictions for rabid anti-vaxxers, those fully vaccinated against COVID-19 may need a fourth shot in the autumn.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Woman Fatally Shot while Pushing Stroller on Upper East Side

NEW YORK — A 20-year-old woman was fatally shot Wednesday night while she pushed her infant daughter in a stroller on the Upper East Side, police said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.