IMF Staff Country Reports

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

June 13, 2019

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Czech Republic: 2019 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2019) accessed December 3, 2024

Summary

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. Recent wage increases have been very strong, ahead of productivity. So far, inflation remains contained. The economy continues to run a current account surplus, even though domestic absorption has picked up. But the housing market is pressured, especially in metropolitan areas. Policies should balance risks of overheating against a faster-than-expected slowdown and aim to boost potential growth.

Subject: 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

Publication Details

  • Pages:

    67

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/160

  • Stock No:

    1CZEEA2019001

  • ISBN:

    9781498319355

  • ISSN:

    1934-7685