Czech Republic : 2013 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/242

IMF Staff Country Reports

Language:

English

Subjects (All):

Czech Republic--Economic policy.

Czech Republic.

Czech Republic--Economic conditions.

Physical Description:

1 online resource (45 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This 2013 Article IV Consultation highlights that the Czech economy, despite its strong fundamentals, is in the midst of a prolonged recession because of the euro area slump and weak domestic demand. A further slowdown in the euro area would exacerbate the situation, creating the risk of lower growth in the long run. Short-term macroeconomic policies should therefore be geared toward supporting the economy and not creating additional drag. Boosting potential growth in the medium to long term will require implementation of additional structural reforms. Given the large fiscal consolidation achieved so far, further consolidation efforts should be avoided until the economic recovery gains strength.

Contents:

Cover; CONTENTS; CONTEXT; A. Recent Developments; B. Outlook and Risks; POLICY DISCUSSIONS; A. Fiscal Policy; BOXES; 1. The Authorities' Policies and Past IMF Policy Recommendations; B. Monetary Policy; 2. New Fiscal Framework; 3. External Sector Assessment; C. Financial Sector; D. Structural Issues; STAFF APPRAISAL; 4. Women's Labor Force Participation; FIGURES; 1. Macroeconomic Developments; 2. Inflation Developments 2007-13; 3. External Sector Developments, 2007-13; 4. Financial Markets; 5. Evolution of Bank Credit; 6. Fiscal Developments and Prospects; TABLES

1. Selected Economic Indicators, 2008-152. Balance of Payments, 2008-15; 3. The Statement of Operations of General Government, 2008-15 (Koruny); 4. The Statement of Operations of General Government, 2008-15 (GDP); 5. General Government Financial Balance Sheet, 2008-12; 6. Medium-Term Macroeconomic Scenario, 2008-18; ANNEXES; I. Risk Assessment Matrix; II. FSAP Recommendations and Implementation; III. Debt Sustainability Analysis; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES; TABLE; Czech Republic: Table of Common Indicators Required for Surveillance

IMF Executive Board Concludes 2013 Article IV Consultation with the Czech RepublicExecutive Board Assessment; TABLE; Czech Republic: Selected Economic Indicators, 2008-14

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed September 28, 2013).

ISBN:

9781484356982

1484356985

9781484371596

1484371593

9781484377659

1484377656