Feb. 27 (Bloomberg) -- The outlook for growth in the Czech Republic this year is “flat” as the euro-area debt crisis curbs demand for the country’s exports, the International Monetary Fund said.
The Czech Republic should craft long-term regulation to enhance fiscal discipline while the central bank should adopt an “easing bias” to help stimulate the economy, the IMF said today in a report released at the end of its regular Article IV consultations with policy makers.
Inflation will accelerate this year as a result of increases in the value-added tax rates and then be in line with the central bank’s target from 2013, Masanori Yoshida, IMF mission chief, told a press conference today in Prague.
To contact the reporter on this story: Krystof Chamonikolas in Prague at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com