Oct. 30 (Bloomberg) -- The Czech Finance Ministry will cut the 2012 economic growth forecast to 1 percent from 2.5 percent, Finance Minister Miroslav Kalousek said today.

Speaking in a debate on the public Czech Television, Kalousek said there will be “downside risks” to the new gross domestic product forecast. The Finance Minisry will publish its new forecasts in Prague tomorrow.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Peter Laca at placa@bloomberg.net