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ČSÚ: GDP up 4.2% y/y in Q1 2015

Czech Republic’s gross domestic product grew by 4.2% y/y in Q1 2015, i.e. 0.3 percentage points more than foreseen by the preliminary estimation. GDP grew 3.1% on Q4 2014 in real terms. The increase was driven by high growth of gross added value and uneven collection of excise tax on tobacco products, which influenced the comparative base in 2014.