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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."
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.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
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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.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
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This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for the Czech Republic.
Monetary policies and inflation targeting in emerging economies: Executive Summary. Several emerging-market economies have adopted inflation targeting as their institutional framework for conducting monetary policy.