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Singer: CR does not need to worry about economic overheating

According to Czech National Bank (CNB) governor Miroslav Singer, the data on the development of the economic growth and inflation in the Czech Republic do not provide any real support to the debates on the overheating or excess stimulation of the economy. Singer said as much and added that reports from abroad did not provide stronger reasons for worries either. Therefore, according to Singer, ending the economic stimulation would not only by an incorrect step, but it would also transfer future demand and the increased revenues related to it to other economies.

Source: www.cianews.cz