Czech Republic: Staff Report for the 2011 Article IV Consultation

April 7, 2011

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Format: Chicago

Czech Republic: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed December 23, 2024

Summary

The Czech economy has rebounded from the downturn owing to its strong fundamentals and the global recovery. Domestic demand has become self-sustaining since mid-2010. Fixed investment grew moderately in the second half of 2010, mostly on account of one-off factors. GDP has grown by 2.3 percent in 2010. Despite accommodative monetary policy, inflation pressures remained subdued until the recent surge in commodity prices. The virtually foreign-owned banking system has been stable throughout the crisis. Fiscal consolidation has commenced in 2010 and helped yield significant credibility gains.

Subject: Banking, Expenditure, Financial crises, Fiscal policy, Fiscal stance, Output gap, Production, Public debt

Keywords: Commodity prices inflation, Core inflation, CR, Exchange rate, Fiscal stance, GDP, Global, Headline CPI inflation, Inflation expectation, ISCR, Output gap, Output gap start, Prices inflation, Real GDP, Sizeable output gap

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/083
Stock No:

1CZEEA2011001
ISBN:

9781455232109
ISSN:

1934-7685

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