Czech Republic: 2021 Article IV Consultation-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for the Czech Republic
IMF Staff Country Reports, January 27, 2022
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- Czech Republic: 2021 Article IV Consultation-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for the Czech Republic
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Bibliographic details
- Published: January 27, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400200182.002
Overview and Outlook
- 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.
- The risks to the outlook are tilted to the downside.
Inflation and Prices
- Inflation remained marginally above the upper tolerance band in 2020.
- Inflation increased substantially in late 2021.
Labor Market
- Pressures in the labor market remain.
Macrofinancial Vulnerabilities
- Macrofinancial vulnerabilities persist as house price growth has reached record highs amid significant risk-taking by lenders.
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