Czech Republic: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2001/110, IMF Staff Country Reports from International Monetary Fund

Abstract: After three years of recession, the economy grew by 2.9 percent in 2000, supported by a revival of investment in primarily foreign-owned firms and a modest increase in household consumption. Against the background of a still nascent recovery, fiscal policy was expansionary in 2000, with the general government deficit (excluding privatization receipts and bank restructuring costs) increasing by nearly 1 percentage point to 4.1 percent of GDP. Executive Directors noted that flexibility in the conduct of monetary policy is key to ensuring that inflation remains under control.

Keywords: ISCR; CR; privatization receipt; deficit; bank privatization; headline inflation; price pressure; inflation outcome; June inflation figure; government privatization receipt; consumer price inflation; Inflation; Privatization; Global; Africa (search for similar items in EconPapers)
Pages: 63
Date: 2001-07-25
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