## Czech Republic: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, August 17, 2004_

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**Canonical URL:** [Czech Republic: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2004-article-iv-consultation-17652)

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## Bibliographic details
- Published: August 17, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810219.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2004-article-iv-consultation-17652_