Czech Republic: Staff Report for the 2006 Article IV Consultation
February 28, 2007
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This 2006 Article IV Consultation highlights that economic performance of the Czech Republic strengthened during 2005–06, supported by the expanding capacity of the export-oriented automotive sector and a cyclical recovery in the European Union. The momentum of growth has been underpinned by strong productivity gains, leading to a surge in exports and further investment in the tradable goods sector. The koruna strengthened, helping to keep inflation down. Growth is projected to remain robust in 2007–08, although its momentum will slow as the effects of the recent export capacity expansion unwind.
Subject: Expenditure, Exports, Fiscal policy, Inflation, International trade, Prices, Public debt
Keywords: CR, deficit, exchange rate, expenditure reform, Exports, Global, government, headline inflation, IMF staff projection, Inflation, inflation moderate, ISCR, monetary management, productivity gain, regime of the Czech Republic
Pages:
48
Volume:
2007
DOI:
Issue:
084
Series:
Country Report No. 2007/084
Stock No:
1CZEEA2007001
ISBN:
9781451810240
ISSN:
1934-7685
