Czech Republic : 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 26, 2018

Electronic Access:

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

Summary:

This 2018 Article IV Consultation highlights the Czech Republic’s strong, broad-based, and job-rich growth. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fell to a record low of 2.3 percent in April 2018, even with increased participation. Meanwhile, headline and core inflation are close to the target of 2 percent. Growth is projected to remain strong this year, at 3.7 percent, but labor shortages are putting constraints on future growth. In the near term, a decline in global trade is a major risk for a small economy highly dependent on external demand, particularly from the euro area, but also indirectly on other regions given how tightly integrated the Czech economy is into supply chains.

Series:

Country Report No. 18/187

Subject:

English

Publication Date:

June 26, 2018

ISBN/ISSN:

9781484363669/1934-7685

Stock No:

1CZEEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

67

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