Czech Republic: 2021 Article IV Consultation-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for the Czech Republic

January 27, 2022

Summary

The Czech Republic entered the pandemic on a strong economic footing. Amid another surge in virus infections, the outlook is for a continued rebound in activity. However, the risks are tilted to the downside. Inflation remained marginally above the upper tolerance band in 2020 and increased substantially in late 2021. Pressures in the labor market remain. Macrofinancial vulnerabilities persist as house price growth has reached record highs amid significant risk-taking by lenders.

Subject: Economic and financial statistics, External sector statistics, Fiscal policy, Inflation, International organization, Labor, Labor markets, Monetary policy, Prices, Public debt

Keywords: COVID infection, data release, Europe, External sector statistics, Global, Inflation, inflation pressure, Labor markets, staff appraisal, staff expectation

Pages:
87
Volume:
2022
DOI:
https://doi.org/10.5089/9798400200182.002
Issue:
023
Series:
Country Report No. 2022/023
Stock No:
1CZEEA2022001
ISBN:
9798400200182
ISSN:
1934-7685

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