EC lowers forecast of Czech economic growth

The European Commission on Monday lowered its forecast of Czech economic growth for this year to 4.7 percent in its regular spring forecast. In autumn it predicted a 5 percent increase. The EC also considerably raised the estimate of consumer price growth for 2008 from 3.8 percent in November to 6.2 percent. Last year, the Czech economy grew by a record 6.5 percent while inflation amounted to 2.8 percent.

Author: Ruth Fraňková