ceskenoviny.cz: Czech GDP growth to slow to 4.4 pct

For the complete report from ČeskéNoviny.cz click on this link

Czech GDP growth to slow to 4.4 pct

In 2009, Czech economy should grow by 3.6 percent, the EC said.The EC forecast is in harmony with the Czech Finance Ministry´s estimates. The ministry expects GDP growth at 4.4 percent this year, and at 3.8 - 3.6 percent next year. The Czech National Bank (CNB) says the growth may be even lower. In the whole EU and euro zone, economic growth will almost stop owing to the financial crisis, the forecast says. The EU´s GDP should grow by just 0.2 percent next year, and in the euro zone the growth should reach just 0.1 percent.