UK markets open in 3 hours 54 minutes

Czech government will support economy in case of worse slowdown - PM

PRAGUE (Reuters) - The Czech government will support the economy and not carry out spending cuts in the event of a deeper slowdown in economic growth, Prime Minister Andrej Babis said on Wednesday as lawmakers opened a debate on the 2020 budget.

"If it will be worse, the state will pump money to people, to salaries, to pensions, to the economy and to investments," Babis said.

Babis's government plans a 40 billion crown (£1.35 billion) deficit in 2020, the same target as this year, but faces a slowing economy.

(Reporting by Jason Hovet; Editing by Hugh Lawson)