Czech Republic experiences worst economy fall in its history, mainly thanks to low foreign demand

The Czech economy experienced a year-on-year fall of 11 percent in the second quarter of 2020, according to data released by the Czech Statistics Agency. The fall also amounted to some 8.7 percent when compared to the previous quarter of the year. The statistic is the worst in the history of the independent Czech Republic and was mainly caused by the fall in foreign demand.