Export overcomes war shock, higher prices help growth.

Published: 04.07.2022 Related countries:  Czech Republic Czech Republic

Czech exports have withstood the initial shock of war in Ukraine.

Czech exports have withstood the initial shock of war in Ukraine. Compared to February, the value of exported goods even increased slightly (up 0.3%), according to the Export Index (IE) of Raiffeisenbank (RB) and the Association of Exporters. According to RB chief economist Helena Horská, however, the overall decrease in the index was prevented mainly by increased export prices of energy, food and other items.

Without this effect, exports would drop 4% in month-on-month and 9% in year-on-year terms. The IE forecast still counts on a subdued performance without a clear trend resulting from weakening demand.

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