Czech National Bank predicts 1.4 percent growth of GDP in 2010

The Czech National Bank announced on Thursday its prediction that the country’s gross domestic product will grow by 1.4 percent this year. The bank’s governor, Zdeněk Tůma, said their outlook for the economy had not changed from the previous estimate, released in January. Meanwhile, experts from the International Monetary Fund, who visited the Czech Republic last month, said they expected the Czech economy to grow by 1.5 percent in 2010, and the Czech Finance Ministry predicts a growth of 1.3 percent.

Author: Jan Richter