Czech economy grows by 1.1 percent

The Czech economy grew by 1.1 percent year-on-year in the first quarter of 2010, according to government figures released on Wednesday. The country’s gross domestic product grew by 0.5 percent between the start of January and the end of March. The recovery of the automotive industry is seen as the main driving force behind the surge. The finance ministry has forecast 1.5 percent growth this year and 2.4 percent in 2011.