## Czech Republic: Staff Report for the 2011 Article IV Consultation

_IMF Staff Country Reports, April 7, 2011_

## Source details

**Canonical URL:** [Czech Republic: Staff Report for the 2011 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2011-article-iv-consultation-24781)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2011-article-iv-consultation-24781/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2011-article-iv-consultation-24781/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2011-article-iv-consultation-24781/bundle-manifest.json)

## Bibliographic details
- Published: April 7, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455232109.002

---

### Overview
- 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.

### Economic performance and growth
- 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.

### Inflation and monetary policy
- 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".

### Financial sector and banking
- The virtually foreign-owned banking system has been stable throughout the crisis.

### Fiscal stance and public finances
- 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".

---

## Content in this bundle

- **_cr1183**
  - [_cr1183 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr1183.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr1183 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr1183.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2011-article-iv-consultation-24781_