Advisory council: economy could improve by up to 1 percent GDP growth in 2010

14-09-2009

The government’s advisory council on the economy (NERV) has estimated that the Czech economy could see improvement in 2010, projecting GDP growth of up to 1 percent on Monday. By comparison, the finance ministry is currently working with a forecast of 0.3 percent growth for next year. Not all, though are optimistic, some - namely the country’s trade unions - are predicting zero growth or even a further shrinking of the economy in 2010. By comparison, this year the economy could shrink by up to 5 percent, the government advisory council’s Vladimír Dlouhý said on Monday.