European Parliament Library

Czech Republic :, Staff Report for the 2014 Article IV Consultation

Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank’s foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target. Following substantial fiscal adjustment over the past three years, an easing of the fiscal stance is underway and the new government’s medium-term fiscal plans have not yet been fully elaborated. The financial system is sound and resilient to shocks, and improvements in the regulatory and supervisory architecture are ongoing. The challenge for the authorities is to create the conditions for strong and sustainable growth while maintaining macroeconomic stability
Table Of Contents
Cover; CONTENTS; CONTEXT; BACKGROUND AND RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. Monetary Policy; C. Financial Sector; D. Structural Policies; STAFF APPRAISAL; BOXES; 1. Response to Past Fund Policy Advice; 2. Competitiveness Assessment; 3. The Czech Republic's Links with Russia and Ukraine; 4. The Fiscal Framework; 5. Inflation Developments; FIGURES; 1. Macroeconomic Developments; 2. Financial Markets; 3. External Sector; 4. Evolution of Bank Credit; 5. Fiscal Developments and Prospects; 6. Competitiveness Indicators; TABLES
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
Form Of Item

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