IMF Staff Country Reports

Czech Republic: 2022 Article IV Consultation-Press Release; and Staff Report

Publication Date:

January 20, 2023

Electronic Access:

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Summary:

Czechia's nascent recovery from the pandemic has been hindered by Russia’s war in Ukraine. Gas shortages are unlikely this winter but further increases in energy prices are a key risk. Inflation, which is well above target, and the rise in the cost of living are causing significant social pressure. The labor market remains tight and risks from a heated property market persist. Growth is projected to slow in 2022 and 2023 but to recover in 2024. Risks are tilted to the downside for activity and to the upside for inflation.

Series:

Country Report No. 2023/031

Subject:

International organization Monetary policy

Frequency:

regular