OECD Home › Economy › By Country › Czech Republic
Czech Republic
6-April-2010
English, , 390kb
The Czech economy was severely affected by the global downturn, owing to its high degree of openness and integration in global production chains. The fiscal position was also hit hard, prompting a rapid shift in policy from stimulus to consolidation. The medium-term challenges facing the country are principally concerned with creating conditions for rapid convergence with advanced OECD economies by restoring the sustainability of
Related Documents
Also Available
Presenting the OECD Economic Survey of the Czech Republic in Prague, Angel Gurría underlined that "The economy has shown considerable resilience in the face of extraordinary challenges."
Related Documents
This chapter describes the main tax and benefit reforms implemented in recent years and provides an initial assessment of their impact and an analysis of the scope for further reform.
The economy has moved into the first stages of recovery, but major challenges lie ahead: assuring medium- and long-term fiscal sustainability, further advancing pro-growth tax reform and building on recent reforms to improve the business environment.
Presenting the Economic Survey of the Czech Republic at a high level seminar in Prague, A. Gurría suggested the creation of a "watchdog" to monitor the fiscal policy process in order to make it easier to avoid overspending in good times and thus to limit deficit bias.
Related Documents
6-April-2010
Czech, , 485kb
Česká ekonomika byla vzhledem ke své vysoké míře otevřenosti a zapojení do globálních výrobních řetězců výrazně zasažena celosvětovým poklesem hospodářského růstu. Také její fiskální pozice utrpěla značnou újmu, která si vyžádala rychlý přechod od stimulační politiky ke konsolidaci. Hlavní střednědobou výzvou je vytvoření podmínek pro rychlé dohnání vyspělých ekonomik OECD, zejména obnova udržitelnosti veřejných financí a zlepšení
Related Documents
Also Available
10-March-2010
English, , 119kb
This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Related Documents
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
19-October-2009
English, , 7kb
External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
Related Documents
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
Related Documents
Follow us
E-mail Alerts Blogs