IMF Staff Country Reports

Czech Republic: Staff Report for the 2010 Article IV Consultation

March 4, 2010

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Czech Republic: Staff Report for the 2010 Article IV Consultation, (USA: International Monetary Fund, 2010) accessed December 10, 2024

Summary

The key findings of the Czech Republic’s 2010 Article IV Consultation are discussed. Large foreign direct investment inflows fostered trade integration, underpinning an export-led expansion. Higher initial standard of living contained consumption convergence pressures. An improved fiscal performance contributed to the comfortable external position. This, combined with credible inflation targeting, resulted in generally low inflation and interest rates. A liquid and conservative banking sector limited the build-up of balance sheet vulnerabilities.

Subject: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Pension spending, Public debt

Keywords: Convergence program, CR, Fiscal consolidation, Fiscal stance, Global, Government, Headline inflation, ISCR, Pension spending, Revenue increase, Staff appraisal, Staff expectation, Western Europe

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/060

  • Stock No:

    1CZEEA2010002

  • ISBN:

    9781451943238

  • ISSN:

    1934-7685