Czech Republic : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Czech Republic

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 7, 2016

Electronic Access:

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

Summary:

A favorable external environment, high utilization of EU funds, and supportive macroeconomic policies have boosted economic growth. The authorities’ medium-term fiscal objective is appropriate, but fiscal framework legislation that would anchor policy is yet to be approved by parliament. The central bank’s use of an exchange rate floor to achieve its inflation target has helped stem deflationary pressures, but inflation is still well below target. The financial system is sound and resilient to shocks. Policy recommendations. Policies should aim at comprehensively addressing obstacles to strong and sustained growth, while safeguarding macroeconomic stability.

Series:

Country Report No. 16/213

Subject:

English

Publication Date:

July 7, 2016

ISBN/ISSN:

9781475568011/1934-7685

Stock No:

1CZEEA2016001

Format:

Paper

Pages:

73

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