The Czech economy could return to recession, the vice governor of the
Czech National Bank, Vladimír Tomšík, told an economic forum on
Wednesday. Mr. Tomšík referred to recently released preliminary figures
suggesting that there had been a 0.5 contraction in GDP in the third
quarter of this year. The previous quarter had seen the first growth in a
year and a half, bringing to an end the Czech Republic’s longest ever
recession. Mr. Tomšík said the central bank aimed to keep the Czech
crown
at around 27 to the euro, which is where it has been since the bank
intervened to weaken it two weeks ago.