Central bank governor predicts zero economic growth

The high inflation may lead to a dramatic slide in economic growth, central bank governor Jiří Rusnok told Czech Television on Sunday. Mr. Rusnok said inflation could reach 13 to 14 percent in the coming months, a scenario that could result in zero economic growth at the end of the year. He said a recession was likely not just in the Czech Republic but across Europe, which would also hurt the export-dependent Czech economy. Inflation reached 11.1 percent in February.