Czech Republic : 2013 Article IV Consultation

 
 
Publication Date: August 02, 2013
 
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Summary: This 2013 Article IV Consultation highlights that the Czech economy, despite its strong fundamentals, is in the midst of a prolonged recession because of the euro area slump and weak domestic demand. A further slowdown in the euro area would exacerbate the situation, creating the risk of lower growth in the long run. Short-term macroeconomic policies should therefore be geared toward supporting the economy and not creating additional drag. Boosting potential growth in the medium to long term will require implementation of additional structural reforms. Given the large fiscal consolidation achieved so far, further consolidation efforts should be avoided until the economic recovery gains strength.
 
Series: Country Report No. 13/242
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal consolidation | Fiscal reforms | Banking sector | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Czech Republic

 
English
Publication Date: August 02, 2013
ISBN/ISSN: 9781484336069/1934-7685 Format: Paper
Stock No: 1CZEEA2013001 Pages: 44
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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