02065cas a2200241 a 4500 AALejournalIMF019408 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498319423 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Czech Republic : Selected Issues. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (11 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper investigates the direct and indirect exposure of the Czech Republic to these external risks. The Czech Republic is a small open economy that has become increasingly reliant on export-driven growth over the last three decades. Domestic value-added in foreign exports as a share of gross exports in the Czech Republic is higher than the average share of the European Union 28. Services have a relatively low contribution to value-added in gross exports. Given the high integration of the Czech Republic into global value chains, it is crucial to take supply chain linkages into account when assessing the impact of trade shocks. The exposure to Germany is even more pronounced at the sectoral level. Manufacturing of machinery and transportation vehicles account for a large share of exports and imports in the Czech Republic. Although the impact of the US-China trade disputes on the Czech Republic would likely be limited, a hard Brexit scenario or lower demand in Germany could have sizable effects. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/161 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/161/002.2019.issue-161-en.xml IMF e-Library