Czechia’s gross domestic product (GDP) increased by 0.4% year on year and by 0.5% quarter on quarter in the first quarter of this year. The estimate released by the Czech Statistical Office (CZSO) follows a GDP drop of 0.8% in the third quarter of 2023 and a growth of 0.4% in Q4. Following the revision released by CZSO in late March, the Czech economy declined by 0.2% in 2023 overall. The Q1 2024 figures are also slightly above the estimates but correspond to the market analysts’ expectations of reviving consumer demand following the depressed situation in the households last year. CZSO credit…