Czech Ministry of Finance revised its April's forecast down.

The Minister expects that GDP will contract twice as much in 2009 as it was previously forecasted, i.e. 4.3% instead of 2.3%. This would be the deepest recession in the country since 1991.
In 2010, Czech economy should growth 0.3%.

The Ministry of Finance also increased 2009 forecast for public sector deficit from 4.5% to 5.5% and for the total government debt from 33.9% of GDP to 34.5% of GDP.