Czech Republic: Staff Report for the 2010 Article IV Consultation

March 4, 2010

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Format: Chicago

Czech Republic: Staff Report for the 2010 Article IV Consultation, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

The key findings of the Czech Republic’s 2010 Article IV Consultation are discussed. Large foreign direct investment inflows fostered trade integration, underpinning an export-led expansion. Higher initial standard of living contained consumption convergence pressures. An improved fiscal performance contributed to the comfortable external position. This, combined with credible inflation targeting, resulted in generally low inflation and interest rates. A liquid and conservative banking sector limited the build-up of balance sheet vulnerabilities.

Subject: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Pension spending, Public debt

Keywords: Convergence program, CR, Fiscal consolidation, Fiscal stance, Global, Government, Headline inflation, ISCR, Pension spending, Revenue increase, Staff appraisal, Staff expectation, Western Europe

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/060
Stock No:

1CZEEA2010002
ISBN:

9781451943238
ISSN:

1934-7685

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