July 24 (Reuters) - The Czech Finance Ministry released on
Tuesday the following quarterly update of its macroeconomic
forecasts for 2007 and...
...2008 (previous forecasts made in April in
brackets).
2007 2008
GDP growth (pct) 5.8 (5.3) 5.0 (4.9)
avg inflation (pct) 2.3 (2.1) 3.4 (3.2)
avg unemployment (pct) 5.8 (6.4) 5.5 (6.0)
current account gap (pct/GDP) 2.1 (n/a) 1.5 (n/a)
trade balance (CZK bln) 111.0 (82.0) 129.0(109.0)
general govt deficit (pct/GDP)* 3.9 (4.0) (n/a)
end-yr public debt (pct/GDP) 30.6 (31.0) (n/a)
NOTE. The ministry released the forecasts on its official
Web site: www.mfcr.cz
* The fiscal deficit projections are under the European
Union's ESA 95 rules, used to track a member country's success
in lowering its deficit below the limit of 3 percent of GDP to
meet euro adoption rules.
(Reporting by Marek Petrus in Prague, Editing by Alan Crosby)
Keywords: PROF ECONOMY/FORECASTS