First quarter growth down on expectations

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Figures released shortly after the elections showed that economic growth in the first quarter of this year had fallen to 2.5 percent - somewhat lower than expectations. Growth had levelled out at a steady 3.3 percent since 2000, after the Czech Republic emerged from recession in early 1999. So what's behind these disappointing figures? Jan Sykora is head of the country's leading equity firm, Wood and Company. Jan Sykora from Wood and Company.