Czech Republic: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, August 17, 2004
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- Czech Republic: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: August 17, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810219.002
Economic growth and demand
- GDP expanded by 3.1 percent in 2003 and the first quarter of 2004.
- Expansion was mainly supported by household consumption.
Investment dynamics
- Investment was strong in 2003, driven by spending on public infrastructure.
- Investment swelled in early 2004 owing to one-off influences associated with European Union accession.
Fiscal position
- The fiscal deficit continued to drift upward in 2003.
- The general government deficit widened relative to GDP by about 1 percentage point to nearly 5 percent of GDP in 2003.
Source: Czech Republic: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Reports 2004, Issue 266).