Czech National Bank - Inflation Report (Q1 2011)
The Czech economy is expected to slow in 2011 as a result of fiscal consolidation, a fading investment boom and anaemic economic growth abroad, according to the Czech National Bank's Inflation Report published on Friday.
The report, based on information available as of January 21, 2011, said the annual rate of growth in the Czech economy accelerated to 2.8% in the third quarter of 2010 but was forecast to slow in 2011, owing chiefly to fiscal restriction, an unwinding of the investment boom
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