Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Czech government seeks to keep economy running as COVID-19 cases rise

Published 09/08/2020, 01:32 PM
Updated 09/08/2020, 01:35 PM
© Reuters. FILE PHOTO: Passengers wearing protective masks walk at Prague's main railway station

PRAGUE (Reuters) - The Czech Republic is aiming to avoid imposing strict limitations on public life and business to spare its economy another shock, a government official said on Tuesday, despite a jump in the number of coronavirus cases.

The Czech Republic acted quickly to shut schools and retail businesses when the pandemic began, and also limited travel and ordered mask wearing, helping keep the death toll lower than in many other European countries.

It was also quick to relax restrictions, and the number of coronavirus cases has risen since the summer months. World Health Organization data showed new cases soared by 55% in the Czech Republic in the week to Monday versus the previous 7-day period.

"We are not preparing a lockdown, the hard restrictive measures that would fundamentally limit the economy, tourism and so on," Deputy Prime Minister Karel Havlicek said. "We are not underestimating the situation, we are acting locally."

The Czech economy contracted by 11.0% year-on-year in the second quarter.

The number of daily coronavirus infections reported rose as high as 797 last week, compared to a peak of 377 in March. The country of 10.7 million has reported a death toll of 440 from 29,368 cases.

Prime Minster Andrej Babis has said tracing may be narrowed nationwide to contacts of people who show more serious symptoms, but the WHO's local office said tracing should be scaled up.

Babis reacted on Twitter by saying the WHO should "keep quiet" because it had been slow to recognise the pandemic.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.