Czech National Bank - Annual Report 2007

Zdenek Tuma, the governor of the Czech National Bank, has described the past year as an economic success in the institution's latest annual report.

"The Czech economy built on the previous years' favourable trends, recording GDP growth of more than 6%," Tuma said. "The related sizeable growth in employment and wages should not be overlooked either. Indeed, household consumption was the biggest contributor to the growth of the Czech economy in 2007."

Economic growth was "undoubtedly very positive"

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