Czech Republic: 2012 Article IV Consultation: Staff Report: Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Czech Republic
IMF Staff Country Reports, May 18, 2012
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- Czech Republic: 2012 Article IV Consultation: Staff Report: Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Czech Republic
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Bibliographic details
- Published: May 18, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475503739.002
Overview and macroeconomic outlook
- Economic activity in the Czech Republic is expected to remain flat in 2012 and gradually gain momentum as external conditions improve.
- Monetary conditions have been appropriately supportive of economic activity.
- The Czech financial system has proved resilient to the effects of the global crisis.
- Directors discussed the appropriate fiscal policy stance in light of the weaker economic outlook for 2012.
Fiscal policy, public finances, and sustainability
- Directors commended the significant progress made in consolidating public finances.
- Authorities show a strong commitment to long-term fiscal sustainability.
- Subject areas highlighted: Expenditure, Fiscal governance, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM).
Financial sector and monetary policy
- Monetary conditions assessed as appropriately supportive of economic activity.
- The Czech financial system characterized as resilient to the effects of the global crisis.
- Subject area highlighted: Monetary statistics.
Governance, projections, and mission context
- Keywords and topical signals in the report: article IV consultation mission, authorities' projection, Central and Eastern Europe, coalition partner, CR, deficit, deficit figure, Europe, Fiscal governance, Fiscal stance, Global, government, headline inflation, inflation expectation, ISCR, rate.
- Publication framed as an IMF Article IV Consultation staff report with related staff supplements, a Public Information Notice on the Executive Board discussion, and a Statement by the Executive Director for Czech Republic.