{
  "title": "Czech Republic: 2012 Article IV Consultation: Staff Report: Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Czech Republic",
  "publication": "IMF Staff Country Reports, May 18, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-2012-article-iv-consultation-staff-report-staff-supplements-public-25924",
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  "summary": "Economic activity in the Czech Republic is expected to remain flat in 2012 and gradually gain momentum as external conditions improve. The 2012 Article IV Consultation discusses that monetary conditions have been appropriately supportive of economic activity.",
  "sections": [
    {
      "heading": "Overview and macroeconomic outlook",
      "content": "- Economic activity in the Czech Republic is expected to remain flat in 2012 and gradually gain momentum as external conditions improve.\n- Monetary conditions have been appropriately supportive of economic activity.\n- The Czech financial system has proved resilient to the effects of the global crisis.\n- Directors discussed the appropriate fiscal policy stance in light of the weaker economic outlook for 2012."
    },
    {
      "heading": "Fiscal policy, public finances, and sustainability",
      "content": "- Directors commended the significant progress made in consolidating public finances.\n- Authorities show a strong commitment to long-term fiscal sustainability.\n- Subject areas highlighted: Expenditure, Fiscal governance, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)."
    },
    {
      "heading": "Financial sector and monetary policy",
      "content": "- Monetary conditions assessed as appropriately supportive of economic activity.\n- The Czech financial system characterized as resilient to the effects of the global crisis.\n- Subject area highlighted: Monetary statistics."
    },
    {
      "heading": "Governance, projections, and mission context",
      "content": "- Keywords and topical signals in the report: article IV consultation mission, authorities' projection, Central and Eastern Europe, coalition partner, CR, deficit, deficit figure, Europe, Fiscal governance, Fiscal stance, Global, government, headline inflation, inflation expectation, ISCR, rate.\n- Publication framed as an IMF Article IV Consultation staff report with related staff supplements, a Public Information Notice on the Executive Board discussion, and a Statement by the Executive Director for Czech Republic.\n\n---\n\n Content in this bundle\n\n- cr12115\n  - cr12115 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12115 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 18, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475503739.002",
    "Economic activity in the Czech Republic is expected to remain flat in 2012 and gradually gain momentum as external conditions improve.",
    "Monetary conditions have been appropriately supportive of economic activity.",
    "The Czech financial system has proved resilient to the effects of the global crisis.",
    "Directors discussed the appropriate fiscal policy stance in light of the weaker economic outlook for 2012.",
    "Directors commended the significant progress made in consolidating public finances.",
    "Authorities show a strong commitment to long-term fiscal sustainability.",
    "Subject areas highlighted: Expenditure, Fiscal governance, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM).",
    "Monetary conditions assessed as appropriately supportive of economic activity.",
    "The Czech financial system characterized as resilient to the effects of the global crisis.",
    "Subject area highlighted: Monetary statistics.",
    "Keywords and topical signals in the report: article IV consultation mission, authorities' projection, Central and Eastern Europe, coalition partner, CR, deficit, deficit figure, Europe, Fiscal governance, Fiscal stance, Global, government, headline inflation, inflation expectation, ISCR, rate.",
    "Publication framed as an IMF Article IV Consultation staff report with related staff supplements, a Public Information Notice on the Executive Board discussion, and a Statement by the Executive Director for Czech Republic.",
    "**_cr12115**"
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