Czech Republic: 2013 Article IV Consultation

August 2, 2013

Preview Citation

Format: Chicago

Czech Republic: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This 2013 Article IV Consultation highlights that the Czech economy, despite its strong fundamentals, is in the midst of a prolonged recession because of the euro area slump and weak domestic demand. A further slowdown in the euro area would exacerbate the situation, creating the risk of lower growth in the long run. Short-term macroeconomic policies should therefore be geared toward supporting the economy and not creating additional drag. Boosting potential growth in the medium to long term will require implementation of additional structural reforms. Given the large fiscal consolidation achieved so far, further consolidation efforts should be avoided until the economic recovery gains strength.

Subject: Balance of payments, Current account deficits, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt

Keywords: CR, Current account deficits, Deficit, Demand, Executive board assessment, Financial asset, Fiscal stance, Global, Import demand, Inflation, Inflation expectation, ISCR, Market share, Price level

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/242
Stock No:

1CZEEA2013001
ISBN:

9781484336069
ISSN:

1934-7685

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