Michl expects record GDP due to electricity consumption

(ČIA) The negative impact of the pandemic and the second lockdown (since October 21, 2020) on the economy has so far been significantly lower compared to the first lockdown (March/April 2020). Based on electricity-consumption data, this statement was made by Czech National Bank’s Bank Council member Aleš Michl, adding that in the week that started on January 11, 2021, electricity consumption dropped 0.4% year-on-year after adjustments. In mid-April 2020, it was by up to 13.7% lower. Consumption increased 0.9% in November and 1.4% in December. If this trend continues, Michl expects the highest ever year-on-year GDP growth in the second quarter of 2021.



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.