IMF Staff Country Reports

Czech Republic : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 26, 2017

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external deflation pressure has faded. In addition, nominal incomes are growing solidly. Given momentum in the economy, real GDP growth is projected to increase to 3 percent in 2017, largely driven by domestic demand. Strong economic growth and better revenue collection mean a surplus of 0.4 percent of GDP is expected for 2017; current policies and improved tax collection would imply continued small surpluses from 2018.

Series:

Country Report No. 17/168

Subject:

Article IV consultation reports Balance of payments statistics Banking systems Czech Republic Economic indicators Exchange rates Fiscal reforms Foreign exchange reserves Interest rate policy Macroprudential Policy Monetary policy Press releases Staff reports