Czech Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic

June 26, 2017

Preview Citation

Format: Chicago

Czech Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic, (USA: International Monetary Fund, 2017) accessed December 23, 2024

Summary

This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external deflation pressure has faded. In addition, nominal incomes are growing solidly. Given momentum in the economy, real GDP growth is projected to increase to 3 percent in 2017, largely driven by domestic demand. Strong economic growth and better revenue collection mean a surplus of 0.4 percent of GDP is expected for 2017; current policies and improved tax collection would imply continued small surpluses from 2018.

Subject: Banking, Economic and financial statistics, Exchange rates, External sector statistics, Foreign exchange, Income, Inflation, National accounts, Prices, Public debt

Keywords: CR, Debt, Euro exchange rate floor, Exchange rate, Exchange rates, Expenditure method, External sector statistics, General government debt, Global, Government, Headline inflation, Income, Inflation, ISCR, State administration, Western Europe

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/168
Stock No:

1CZEEA2017001
ISBN:

9781484305256
ISSN:

1934-7685

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