Czech Republic: Staff Report for the 2011 Article IV Consultation

Publication Date:

April 7, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2011/083

Subject:

English

Publication Date:

April 7, 2011

ISBN/ISSN:

9781455232109/1934-7685

Stock No:

1CZEEA2011001

Pages:

58

Please address any questions about this title to publications@imf.org