Czech Republic; Staff Report for the 2011 Article IV Consultation

The Czech economy has rebounded from the downturn owing to its strong fundamentals and the global recovery. Domestic demand has become self-sustaining since mid-2010. Fixed investment grew moderately in the second half of 2010, mostly on account of one-off factors. GDP has grown by 2.3 percent in 2010. Despite accommodative monetary policy, inflation pressures remained subdued until the recent surge in commodity prices. The virtually foreign-owned banking system has been stable throughout the crisis. Fiscal consolidation has commenced in 2010 and helped yield significant credibility gains.

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Year of publication:	2011-04-07
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank supervision \| Banking sector \| Credit risk \| Economic indicators \| Economic recovery \| Fiscal consolidation \| Pension reforms \| Public debt \| Staff Reports \| pension \| retirement \| public finances \| pension reform \| insurance companies \| retirement age \| pension system \| government budget \| fiscal adjustment \| pension funds \| fiscal sustainability \| life insurance \| expenditure cuts \| payroll taxes \| fiscal deficit \| budget balance \| wage growth \| fiscal targets \| gradual withdrawal \| pensions \| pension system reform \| pension benefits \| contingent liabilities \| fiscal developments \| fiscal stimulus \| primary deficit \| national budget \| private bond \| labor force \| fiscal model \| health care \| primary budget balance \| nominal wage \| fiscal stance \| fiscal tightening \| government deficit \| pension fund \| fiscal space \| interest expenditure \| level playing field \| government revenue \| fiscal rectitude \| market risks \| fiscal target \| fiscal discipline \| inflation risks \| tax base \| retirement ages \| fiscal responsibility \| fiscal measures \| private savings \| fiscal policies \| fiscal package \| fiscal gap \| fiscal costs \| fiscal rules \| government fiscal deficit \| fiscal assumptions \| supervisory frameworks \| fiscal impact \| pension insurance \| health care system \| domestic savings \| asset manager \| voluntary pension \| spending cuts \| fiscal institutions \| tax rate \| retirement income \| supplementary scheme \| fiscal responsibility laws \| fiscal instruments \| government expenditure \| fiscal balance \| fiscal policy \| pension pillar \| long-term fiscal sustainability \| fiscal accounts \| public finance \| general government expenditure \| pay-as-you-go system \| savings for retirement \| budgetary discipline \| fiscal pressures

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/83 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242969