PragueConnect.cz - Economy

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J. Mládek: VW’s problems may influence Czech GDP

Volkswagen’s (VW) problems caused by the manipulation of diesel engine emision tests may influence Czech economy’s growth rate, says Minister of Industry and Trade Jan Mládek. The scandal should not have a major effect, though. The information was provided to CIANEWS by the spokesperson for the ministry, Miroslav Kynèl. According to the latest forecast by the Czech National Bank, GDP will grow 3.8% in 2014. The central bank predicts that the growth rate will slow down to 2.8% in 2016 and 2017.

Source: www.cianews.cz