Czech Republic: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2002/167, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultations highlights that following a period of inaction on the structural front and a protracted recession, economic growth in the Czech Republic has picked up. Underlying this performance have been supportive macroeconomic policies, large foreign direct investment, and steady progress with structural reform. However, enterprise restructuring has led to rising structural unemployment and large regional disparities in unemployment rates. Sizable losses were accumulated by banks, which had to be transferred to the government to allow the banks to be sold to strategic investors, adding to medium-term fiscal pressures.

Keywords: ISCR; CR; deficit; koruna; privatization; government; FDI inflow; privatization receipt; Maastricht deficit criterion; Euro rate; EMU accession; Foreign direct investment; Government debt management; Inflation; Global (search for similar items in EconPapers)
Pages: 54
Date: 2002-08-07
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