The Czech Republic, and its quiet automotive giant Skoda, are bucking an economic downturn unfolding in its crucial ally Germany

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Volkswagen-owned Skoda is defying a broader downturn for the German carmaker.

Between Alternative for Deutschland (AfD) in Germany, National Rally in France, Brothers of Italy in Italy, and Reform in the U.K., Europe’s biggest economies have been rocked by surging support for far-right political parties ready to upset the status quo.

The Czech Republic, alongside Germany, struggled through 2024, with GDP declining 0.3% in the wake of sanctions on Russian energy.

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Article Details

Author / Journalist: Ryan Hogg

Category: EconomyBusiness

Markets: United StatesCzech RepublicFranceGermanyItaly

Topics: Economy Editor's Picks LondonReups German economy Fortune 500 Europe Volkswagen

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 05:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1267 words

Reading Time: 8 minutes read

Sentences: 4 lines

Sentence Length: 317 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27553902

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Official Website: fortune.com

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