Czech Republic: 2022 Article IV Consultation-Press Release; and Staff Report
January 20, 2023
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Czech Republic: 2022 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed November 19, 2024
Summary
Czechia's nascent recovery from the pandemic has been hindered by Russia’s war in Ukraine. Gas shortages are unlikely this winter but further increases in energy prices are a key risk. Inflation, which is well above target, and the rise in the cost of living are causing significant social pressure. The labor market remains tight and risks from a heated property market persist. Growth is projected to slow in 2022 and 2023 but to recover in 2024. Risks are tilted to the downside for activity and to the upside for inflation.
Publication Details
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Pages:
89
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/031
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Stock No:
1CZEEA2023001
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ISBN:
9798400231391
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ISSN:
1934-7685
