Czech Republic; 2005 Article IV Consultationâ€”Staff Report and Public Information Notice on the Executive Board Discussion
This 2005 Article IV Consultation highlights that recent accession to the European Union and gains in growth performance reinforced the Czech Republicâ€™s position as one of the most open and developed economies among the new member states. Thanks to substantial foreign direct investment, its manufacturing sector is closely integrated into cross-border production networks, and foreign-owned firms now account for most of industrial exports. Banking sector indicators are positive, and bank lendingâ€”led by credit to householdsâ€”continue to rebound. Past restructuring and improved risk management have also strengthened banks.
|Date of creation:||09 Aug 2005|
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