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Ministry raises 2010 GDP, CPI, jobless rate forecasts

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Growth in the Czech Republic’s economy, consumer prices and the jobless rate this year will be larger than previously expected as the recession has ended and is giving way to growth, the Finance Ministry said in its latest quarterly forecast, released Thursday. The ministry now predicts the country’s GDP will expand 1.3% annually this year, compared with the previous forecast of a 0.3% year-on-year expansion.

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