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GDP growth of new EU members to slow, CR to be last --World Bank.

Europe Intelligence Wire

| January 27, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Czech News Agency)

BRUSSELS/PRAGUE, Jan 27 (CTK) - The economies of the eight new EU members from Central and Eastern Europe are likely to see a slowdown in their growth this year - by 0.5 percentage point to 4.5 pct, with Czech GDP growth to be the slowest despite staying at 3.7 pct, World Bank reps said today.

They at the same time criticised the Czech Republic's slow progress in reforms and named Slovakia as an example of how the reforms should be done.

Czech economists say the World Bank's study is not flattering for the Czech Republic, but what it says is true.

"The Czech Republic results in World Bank prognoses as the country …

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