European Commission offers more positive forecast for GDP growth than Czech ministry

03-11-2009

The Czech economy should grow by 0.8 percent in 2010, according to a newly released forecast from the European Commission. Its prognosis is rather more positive than that of the Czech finance ministry, which expects a 0.3 percent rise in gross domestic product next year – following a fall of 5 percent this year. The European Commission said the Czech Republic had come out of a recession in the second quarter of 2009 after real GDP had stabilized; it predicted mild growth in the final two quarters of 2009. Looking further ahead, it forecast growth of 2.3 percent in 2011.