IMF: Czech economy in 2008 to grow by 4.6 percent

The International Monetary Fund reported on Wednesday that according to its estimates, Czech economy should grow by 4.6 percent next year. The growth rate is 0.3 percent higher than the last estimate published by the IMF earlier this year. Among other Central European countries, the Czech Republic ranks third behind Slovakia and Poland. The IMF attributes the higher growth estimates to the adoption of fiscal reforms in several countries in the region as well as the fact that impact of the US mortgage market crisis at Central European economies will remain limited.