• In its new forecast, Ministry of Finance of the Czech Republic increased its GDP growth estimate for this year to 5.3% from 5.0% while inflation estimate was lowered to 2.1% from 2.4%. Also, unemployment should be lower at 7.1%.
• American dollar reached its historical minimum against euro
at EUR/USD 1.3682 and changed record level from December 2004.
ding to preliminary estimates, US GDP in the 1Q07 increased by 1.3% while the estimate growth was 1.8%. This is the lowest number since 1Q03. GDP deflator increased by 4.0%.
• Polish vice-premier Lepper estimates that Poland is not going to accept euro
sooner that in 2018-2020. He added that he was not going to support fiscal reforms and expenditure cuts.