Structure of growth in Czech economy changing, says central bank head

The structure of the growth of the Czech economy has changed significantly in the last couple of years, the governor of the Czech National Bank, Zdenek Tuma, said on Thursday. Household consumption has slowed as exports have become the main driving force of growth, he said. Mr Tuma also said the Czech Republic must intensify preparations to adopt the euro - otherwise it will not meet its stated target of joining in 2009 or 2010.

Author: Ian Willoughby