Cover IMF Staff Country Reports
Czech Republic: 2022 Article IV Consultation-Press Release; and Staff Report
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 031
Language:
English
Publication Date:
20 Jan 2023
DOI:
https://doi.org/10.5089/9798400231391.002
ISBN:
9798400231391
ISSN:
1934-7685
Pages:
89
Keywords:
inflation expectation; high-inflation environment; headline inflation; potential GDP; reducing inflation; creating capital inflows; Inflation; Fiscal stance; External sector statistics; Consumption; Europe; Global
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Czechia's nascent recovery from the pandemic has been hindered by Russia’s war in Ukraine. Gas shortages are unlikely this winter but further increases in energy prices are a key risk. Inflation, which is well above target, and the rise in the cost of living are causing significant social pressure. The labor market remains tight and risks from a heated property market persist. Growth is projected to slow in 2022 and 2023 but to recover in 2024. Risks are tilted to the downside for activity and to the upside for inflation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2023: Issue 031