## 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

_IMF Staff Country Reports, May 18, 2012_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-2012-article-iv-consultation-staff-report-staff-supplements-public-25924)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/czech-republic-2012-article-iv-consultation-staff-report-staff-supplements-public-25924/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/czech-republic-2012-article-iv-consultation-staff-report-staff-supplements-public-25924/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/czech-republic-2012-article-iv-consultation-staff-report-staff-supplements-public-25924/bundle-manifest.json)

## Bibliographic details
- Published: May 18, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475503739.002

---

### Overview and macroeconomic outlook
- 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.

### Fiscal policy, public finances, and sustainability
- 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).

### Financial sector and monetary policy
- 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.

### Governance, projections, and mission context
- 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.

---

## Content in this bundle

- **_cr12115**
  - [_cr12115 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12115.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr12115 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12115.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-2012-article-iv-consultation-staff-report-staff-supplements-public-25924_