Czech Republic: Staff Report for the 2011 Article IV Consultation
Electronic Access:
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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 2.3 percent in 2010. Despite accommodative monetary policy, inflation pressures remained subdued until the recent surge in commodity prices. The virtually foreign-owned banking system has been stable throughout the crisis. Fiscal consolidation has commenced in 2010 and helped yield significant credibility gains.
Series:
Country Report No. 2011/083
Subject:
Banking Expenditure Financial crises Fiscal policy Fiscal stance Output gap Production Public debt
English
Publication Date:
April 7, 2011
ISBN/ISSN:
9781455232109/1934-7685
Stock No:
1CZEEA2011001
Pages:
58
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