Central bank governor sceptical about 5 percent growth prediction

11-11-2009

The governor of the Czech National Bank, Zdeněk Tůma, has expressed scepticism concerning the Czech economy’s ability to generate a 5-percent growth in the coming years. Speaking at a banking conference in Prague on Wednesday, Mr Tůma said he expected the economy to grow moderately despite persisting problems, such as the rising unemployment rate. He noted that one of the major problems the government should focus on is budget policy.