Hungary: Staff Report for the 2004 Article IV Consultation

May 24, 2004

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Hungary: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 24, 2024

Summary

This 2004 Article IV Consultation states that Hungary’s entry into the European Union comes on the heels of impressive accomplishments. Its successes were based on the long-lasting effects of significant structural reforms and privatization during the 1990s, which also facilitated Hungary’s outward orientation, foreign direct investment inflows, strong export performance, flexible labor and product markets, and sound banking system. The success was also rooted in undertaking macroeconomic adjustment measures when needed, and in maintaining an adequate level of international competitiveness.

Subject: Balance of payments, Current account deficits, Exchange rates, External debt, Fiscal consolidation, Fiscal policy, Foreign exchange, Public debt

Keywords: CR, Current account deficits, Deficit, Deficit target, Exchange rates, Fiscal consolidation, GDP, Global, Government, ISCR, Policy credibility, Rationalizing government employment, Wage growth, Year-on-year headline CPI inflation

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/145
Stock No:

1HUNEA0012004
ISBN:

9781451817881
ISSN:

1934-7685

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