Czech Republic: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic

June 26, 2018

Preview Citation

Format: Chicago

Czech Republic: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic, (USA: International Monetary Fund, 2018) accessed November 23, 2024

Summary

This 2018 Article IV Consultation highlights that Czech Republic’s growth has been strong, broad-based and job rich. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fell to a record low of 2.3 percent in April 2018, even with increased participation. Meanwhile, headline and core inflation are close to the target of 2 percent. Growth is projected to remain strong this year, at 3.7 percent, but labor shortages are putting constraints on future growth. In the near term, a decline in global trade is a major risk for a small economy highly dependent on external demand, particularly from the euro area, but also indirectly from other regions given how tightly integrated is the Czech economy into supply chains.

Subject: External sector statistics, Fiscal policy, Fiscal stance, Labor, Labor productivity, Production, Public debt

Keywords: Core inflation, CR, Europe, Exchange rate arrangement, Financial asset, Fiscal policy, Fiscal stance, Global, Government, Headline inflation, Household lending, ISCR, Koruna, Labor productivity, Monetary management, Potential GDP, Surplus, Vocational training reform, Western Europe

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/187
Stock No:

1CZEEA2018001
ISBN:

9781484363669
ISSN:

1934-7685

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