PM Fischer: Czech economy growth might be higher than expected

Czech Prime Minister Jan Fischer said that the growth of Czech economy might be higher than expected, the Bloomberg news agency reported on Sunday. Speaking during his official visit to Hong Kong, Mr Fischer said that in 2010, Czech economy might grow by about 0.5 percent and that in the following years, Czechs could see “the light at the end of the tunnel”. The Czech prime minister noted that compared to other countries in the region, the Czech Republic has a sound banking and financial sector with no toxic assets. Mr Fischer also said he was confident that his government would approve next year’s state budget despite the current political crisis over the postponed general elections.

Author: Jan Richter