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Czech Republic: Staff Report for the 2010 Article IV Consultation

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  • International Monetary Fund

Abstract

The key findings of the Czech Republic’s 2010 Article IV Consultation are discussed. Large foreign direct investment inflows fostered trade integration, underpinning an export-led expansion. Higher initial standard of living contained consumption convergence pressures. An improved fiscal performance contributed to the comfortable external position. This, combined with credible inflation targeting, resulted in generally low inflation and interest rates. A liquid and conservative banking sector limited the build-up of balance sheet vulnerabilities.

Suggested Citation

  • International Monetary Fund, 2010. "Czech Republic: Staff Report for the 2010 Article IV Consultation," IMF Staff Country Reports 2010/060, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/060
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