Czech Republic: Staff Report for the 2000 Article IV Consultation

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.
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Volume/Issue: Volume 2000 Issue 096
Publication date: August 2000
ISBN: 9781451810035
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Topics covered in this book

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Business and Economics , Banks and Banking , Inflation , Economics- Macroeconomics , Money and Monetary Policy , 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

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Summary

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.

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