Head of Czech Bank concedes lower growth possible

The head of the Czech National Bank Zdeněk Tůma has conceded that the global economic crisis is likely to negatively affect Czech economic growth. The comments came during a television interview on Czech Television on Sunday. During the interview, Mr Tůma stated that the previously predicted 3.6% GDP growth would likely be downgraded by several tenths of a percent. New Czech National Bank forecasts will be released in early November.