Czech National Bank – Inflation Report (November 2010)
Annual growth in the Czech economy is rising, but will weaken next year due to government austerity measures planned next year, the Czech National Bank's quarterly Inflation Report published on Friday said.
The central bank said the Czech economy recorded a marked upturn in annual growth during the second quarter of the year, rising by 2.4% due to a gradual replenishment of inventories. Slightly positive contributions were also made by government consumption, net exports and household
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