Ernst & Young – forecast


The Czech economy should grow by 2 percent this year and by nearly 3 percent in 2011, according to estimates released by Ernst & Young on Tuesday. The forecast is significantly more optimistic than that of the Czech central bank which predicts a GDP growth of 1.6 percent this year and 1.8 percent next year. In its long-term outlook Ernst & Young also believes that the Czech economy will outperform that of the euro-zone with a predicted growth of 4 to 4.5 percent in 2012 and 2013.