Prague, Jan 6 (CTK) - Danish investment bank Saxo Bank expects Czech economy to rise by 1.35 percent this year and to accelerate to 2.65 percent next year, Saxo Bank chief strategist Christian Blaabjerg said at a press conference in Prague Wednesday.

Saxo Bank's estimates correspond to estimates made by other analysts who expect Czech gross domestic product (GDP) to rise by 1-2 percent this year.

While for last year economists expect a 4-percent drop in GDP, Saxo Bank expects to see a drop of 4.35 percent.

Analysts say the Czech economic recovery is mainly due to positive development abroad.

However, real recovery will not come before 2011 since a rise in GDP in 2010 is still to be boosted by stimulation packages, Blaabjerg said.

According estimates of Saxo Bank's analysts, Czech inflation is to grow from 2009's 1.1 percent to 1.5 percent this year and to 2 percent in 2011.

Unemployment in the Czech Republic should slightly exceed a 10-percent threshold this year and to increase up to 10.7 percent next year, the bank estimates.

The Czech National Bank (CNB) expects Czech economy to grow by 1.4 percent, the Czech finance Ministry by 0.3 percent and the European Union by 0.8 percent.