Czech Republic: 2014 Article IV Consultation - Staff Report; Press Release; and Statement by the Executive Director for the Czech Republic

Publication Date: September 02, 2014
Electronic Access: Free Full text (PDF file size is 1,854KB).
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Summary: Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank’s foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target. Following substantial fiscal adjustment over the past three years, an easing of the fiscal stance is underway and the new government’s medium-term fiscal plans have not yet been fully elaborated. The financial system is sound and resilient to shocks, and improvements in the regulatory and supervisory architecture are ongoing. The challenge for the authorities is to create the conditions for strong and sustainable growth while maintaining macroeconomic stability.
Series: Country Report No. 14/256
Subject(s): Article IV consultation reports | Economic recovery | Fiscal policy | Labor markets | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Czech Republic

Publication Date: September 02, 2014
ISBN/ISSN: 9781484393383/1934-7685 Format: Paper
Stock No: 1CZEEA2014001 Pages: 61
US$18.00 (Academic Rate:
US$18.00 )
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