The Czech economy’s growth rate in the first quarter of 2012 ranks among
the worst within the EU, according to fresh data from Eurostat. The Czech
Republic came in second-to-last, with only Hungary having a worse rate of
growth. In the first three months of 2012, the Czech economy shrank by one
percent GDP. However, Eurostat’s new data did not include eight of the
union’s 27 member states. Among those not included in the newest figures
was debt-ridden Greece. Overall, the economy in the EU in the first
quarter
of 2012 grew by 0.1 percent year-on-year, while it stagnated in the
Eurozone.