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12/22/05

Prague Daily Monitor: Czech economy will grow five percent next year

Prague Daily Monitor

Czech economy will grow five percent next year

PRAGUE, Dec 21 (CTK) - Czech economy will expand by five percent and inflation will be below three percent next year, Deputy Prime Minister for Economy Martin Jahn said in an interview for CTK today. He added he was more optimistic than most economists, but the optimism was thanks to very good economic fundamentals. The Finance Ministry estimates economic growth at 4.4 percent and inflation at around 2.5 percent for next year. Jahn said he believed that average monthly salary would top CZK 20,000 in 2006, while unemployment should decrease slightly.

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