Economic growth will be slow

The Czech economy will contract by more than 2.7 percent and less than 5 percent this year, according to figures published by the Czech Finance Ministry on Friday. Outlooks for 2010 suggest a growth of 0.7 percent on average. A significant acceleration is only expected in 2011 - 2012 when the economy should grow by 2.5 percent and 3.4 percent, respectively.