Czech Republic: Staff Report for the 2000 Article IV Consultation

August 9, 2000

Summary

Following a severe and protracted recession, a modest economic recovery has taken hold in the Czech Republic. Economic growth turned modestly positive after the first quarter of 1999, headed by a rebound in household consumption and a recovery of demand in European Union (EU) trading partners. However, investment remained weak owing to banking and corporate sector restructuring. Executive Directors agreed that macroeconomic policies needed to strike a balance between sustaining the pace of recovery and making progress toward achieving medium-term policy objectives.

Subject: Commercial banks, Corporate sector, Economic sectors, Financial institutions, Inflation, Inflation targeting, Monetary policy, Prices, Privatization

Keywords: banking sector problem, CNB, Commercial banks, Corporate sector, CR, current account deficit, deficit, fixed capital capital formation, Global, government, Inflation, Inflation targeting, ISCR, policy objective, Privatization, revenue growth, state budget, Western Europe

Pages:
75
Volume:
2000
DOI:
---
Issue:
096
Series:
Country Report No. 2000/096
Stock No:
1CZEEA0012000
ISBN:
9781451810035
ISSN:
1934-7685

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Notes

Included with the Staff Report are the text of Public Information Notice No. 00/60 and a statement by Willy Kiekens and Jiri Jonas on July 26, 2000.

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