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Czech Growth Outlook Revised
The Czech Ministry of Finance has improved its economic forecasts.
Czech Growth Outlook Revised / Picture: © Vindobona.org
This year, the Czech GDP will contract by 1.0%, the Czech Finance Ministry projects. Next year, the Ministry estimates a growth rate of 1.3%. Compared to the prior forecast, this is a significant upward revision. In July, the Ministry projected a GDP fall of 1.5% this year and a 0.8% growth in 2014.
The inflation rate will be very low next year, the Ministry added. As a result,…
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