{
  "title": "Czech Republic: Staff Report for the 2011 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 7, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2011-article-iv-consultation-24781",
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  "summary": "The Czech economy has rebounded from the downturn owing to its strong fundamentals and the global recovery. Domestic demand has become self-sustaining since mid-2010. Fixed investment grew moderately in the second half of 2010, mostly on account of one-off factors. GDP has grown by 2.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Czech economy has rebounded from the downturn owing to its strong fundamentals and the global recovery.\n- Domestic demand has become self-sustaining since mid-2010.\n- Fiscal consolidation commenced in 2010 and helped yield significant credibility gains."
    },
    {
      "heading": "Economic performance and growth",
      "content": "- GDP has grown by 2.3 percent in 2010.\n- Fixed investment grew moderately in the second half of 2010, mostly on account of one-off factors."
    },
    {
      "heading": "Inflation and monetary policy",
      "content": "- Despite accommodative monetary policy, inflation pressures remained subdued until the recent surge in commodity prices.\n- Headline and core inflation descriptors referenced in the source: \"commodity prices inflation\", \"core inflation\", \"headline CPI inflation\", \"inflation expectation\", \"prices inflation\"."
    },
    {
      "heading": "Financial sector and banking",
      "content": "- The virtually foreign-owned banking system has been stable throughout the crisis."
    },
    {
      "heading": "Fiscal stance and public finances",
      "content": "- Fiscal consolidation has commenced in 2010, contributing to significant credibility gains.\n- Subject tags related to fiscal policy in the source: \"Expenditure\", \"Fiscal policy\", \"Fiscal stance\", \"Public debt\".\n\n---\n\n Content in this bundle\n\n- cr1183\n  - cr1183 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1183 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 7, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455232109.002",
    "The Czech economy has rebounded from the downturn owing to its strong fundamentals and the global recovery.",
    "Domestic demand has become self-sustaining since mid-2010.",
    "Fiscal consolidation commenced in 2010 and helped yield significant credibility gains.",
    "GDP has grown by 2.3 percent in 2010.",
    "Fixed investment grew moderately in the second half of 2010, mostly on account of one-off factors.",
    "Despite accommodative monetary policy, inflation pressures remained subdued until the recent surge in commodity prices.",
    "Headline and core inflation descriptors referenced in the source: \"commodity prices inflation\", \"core inflation\", \"headline CPI inflation\", \"inflation expectation\", \"prices inflation\".",
    "The virtually foreign-owned banking system has been stable throughout the crisis.",
    "Fiscal consolidation has commenced in 2010, contributing to significant credibility gains.",
    "Subject tags related to fiscal policy in the source: \"Expenditure\", \"Fiscal policy\", \"Fiscal stance\", \"Public debt\".",
    "**_cr1183**"
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