Czech Republic: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2000/096, IMF Staff Country Reports from International Monetary Fund

Abstract: Following a severe and protracted recession, a modest economic recovery has taken hold in the Czech Republic. Economic growth turned modestly positive after the first quarter of 1999, headed by a rebound in household consumption and a recovery of demand in European Union (EU) trading partners. However, investment remained weak owing to banking and corporate sector restructuring. Executive Directors agreed that macroeconomic policies needed to strike a balance between sustaining the pace of recovery and making progress toward achieving medium-term policy objectives.

Keywords: ISCR; CR; government; fixed capital capital formation; banking sector problem; CNB; deficit; policy objective; current account deficit; revenue growth; state budget; Inflation; Commercial banks; Inflation targeting; Corporate sector; Privatization; Western Europe; Global (search for similar items in EconPapers)
Pages: 75
Date: 2000-08-09
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