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Czech Republic: CNB Demonstrates Optimism
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The Czech National Bank has revised the economic outlook. Domestic demand remains is expected to remain weak.

This year, the Czech Republic will definitively leave the recession behind, the Czech National Bank reported. According to the recent forecast, the Czech GDP will grow by 2.2% this year. Next year, the Czech economy is expected to expand by 2.8%.
Compared to the prior forecast from November 2013, this is a substantial increase. Three months ago, the Czech National Bank has…
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