Czech Republic: 2019 Article IV Consultation-Press Release and Staff Report

IMF Staff Country Reports, June 13, 2019

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Czech Republic: 2019 Article IV Consultation-Press Release and Staff Report

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Bibliographic details

• Published: June 13, 2019
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781498319355.002

Economic outlook and growth

• "The economy is doing well, but supply constraints are biting."
• "Growth has slowed as the economy has reached capacity limits, with very low unemployment even as participation has increased."
• "The economy continues to run a current account surplus, even though domestic absorption has picked up."
• Key publication identifiers:
  • Pages: 67
  • Volume: 2019
  • Issue: 160
  • Series: Country Report No. 2019/160
  • DOI: https://doi.org/10.5089/9781498319355.002
  • Stock No: 1CZEEA2019001
  • ISBN: 9781498319355
  • ISSN: 1934-7685

Labor market and wages

• "Recent wage increases have been very strong, ahead of productivity."
• Labor conditions: "very low unemployment" alongside increased labor force participation.

Inflation and external sector

• "So far, inflation remains contained."
• External position: persistent current account surplus despite stronger domestic absorption.

Housing market and regional pressures

• "But the housing market is pressured, especially in metropolitan areas."

Risks and policy recommendations

• "Policies should balance risks of overheating against a faster-than-expected slowdown and aim to boost potential growth."

Subjects and keywords covered

• Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Economic and financial statistics, External sector statistics, Fiscal policy, Fiscal stance, Income, Inflation, Labor, National accounts, Prices, Public financial management (PFM)
• Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), central bank, CR, economy, Europe, exchange rate, exchange rate arrangement, executive board assessment, expenditure, External sector statistics, financial asset, Fiscal stance, Global, IMF's transparency policy, Income, Inflation, inflation pressure, ISCR, ML risk, monetary management, output gap, potential GDP

Czech Republic: 2019 Article IV Consultation-Press Release and Staff Report, June 13, 2019

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