IMF says sees Czech 2008 GDP growth at 4.5 pct y/y

20.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech Republic should see economic growth of 4.5 percent next year, though the external environment poses a downside risk to that forecast,...

...the International Monetary Fund (IMF) said on Tuesday.

Subhash Thakur, division director at the IMF, told a news conference that the Czech central bank will have to continue tightening monetary policy in the face of an expected sharp pickup in inflation.

He added that while the economy the government must also do its part to help the economy by speeding up reforms to help fiscal consolidation.

The IMF has forecast 5.6 percent growth for the Czech economy this year. (Reporting by Marek Petrus; Editing by Alan Crosby)

Keywords: IMF CZECH/

[PRAGUE/Reuters/Finance.cz]

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