IMF: Czech growth to slow to 4.2 percent

Growth of the Czech economy should slow to 4.2 percent this year, according to a twice annual report released by the International Monetary Fund. That would be a marked slowdown after 2007, when gross domestic product increased by 6.5 percent. Czech analyst David Marek said he regarded the IMF outlook as pessimistic, given that the Czech economy entered 2008 in very good condition.