Central bank boss: Czech GDP may drop by two percent

In related news, the governor of the Czech National Bank Zdeněk Tůma told the British paper the Financial Times on Monday that Czech GDP may drop by two percent this year, provided that recession in Western Europe deepens. Mr Tůma’s forecast is much more pessimistic that the official estimate by the Czech central bank, which predicts that the county’s GDP will decrease by a mere 0.3 percent in 2009.

Author: Jan Richter