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Czech finmin sees 2009 GDP down 4.3 pct-paper

Published 07/22/2009, 01:47 AM
Updated 07/22/2009, 01:56 AM

PRAGUE, July 22 (Reuters) - A new Finance Ministry forecast due to be released later on Wednesday will show the Czech economy is expected to contract by 4.3 percent this year, Finance Minister Eduard Janota said.

The last forecast released in April suggested the economy would shrink by 2.3 percent in 2009.

Next year, growth would be 0.3 percent, lower than the previous forecast of 0.8 percent, daily Mlada Fronta Dnes quoted Janota as saying.

(Reporting by Jana Mlcochova; Editing by Neil Fullick)

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