Hungary: Selected Issues

May 9, 2003

Preview Citation

Format: Chicago

Hungary: Selected Issues, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

This Selected Issues paper examines the external sector issues in Hungary. It looks at some traditional indicators of external competitiveness, and provides basic background on key macroeconomic developments, including the current account and its financing. The paper examines various measures of the real effective exchange rate, the labor market considerations, and actual export performance. The paper concludes that although external competitiveness of the Hungarian economy has not been permanently impaired and the country is doing well from various vantage points, a significant dent has been put in competitiveness.

Subject: Balance of payments, Current account, Current account balance, Current account deficits, Expenditure, Fiscal consolidation, Fiscal policy

Keywords: Central government, CR, Current account, Current account balance, Current account deficit, Current account deficits, Depreciation rate, Europe, Expenditure ceiling, FDI inflow, Fiscal consolidation, Fiscal policy, Government spending, ISCR, Labor market, Output gap, Wage bill

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/125
Stock No:

1HUNEA0022003
ISBN:

9781451817928
ISSN:

1934-7685

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