Growth in economy slows to 6 percent

Growth in the Czech economy slowed slightly in the second quarter of this year, according to figures released on Friday. While year-on-year growth in gross domestic product stood at 6.4 percent in the first quarter of 2007, in the April to July period it fell to 6 percent. However, the second quarter growth was faster than expected; it has been attributed to household spending and gross fixed capital formation.

Author: Ian Willoughby