Staff Report for the 2005 Article IV Consultation
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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