IMF Staff Country Reports

Hungary: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

July 26, 2007

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Hungary: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 25, 2024

Summary

Hungary’s 2007 Article IV Consultation reports that with fiscal consolidation on track for 2007 and 2008, short-term risks have receded, especially owing to the favorable international financial environment. Ensuring that the current economic slowdown does not translate into a prolonged period of low growth is important both for raising standards of living and for containing vulnerabilities. Putting the debt on a sustainable downward trend will also require a substantial decrease in the size of government expenditure in relation to GDP.

Subject: Exchange rates, External debt, Financial institutions, Foreign exchange, Inflation, Loans, Prices, Public debt

Keywords: Baltics, Central and Eastern Europe, CR, Deficit, Deficit-reduction measure, Eastern Europe, Europe, Exchange rate, Exchange rate framework, Exchange rates, Exchange regime, Executive board discussion, Foreign currency, GDP, Government, Inflation, Inflation expectation, Interest rate, ISCR, Loans, Market-risk stress tests, Rate

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/250

  • Stock No:

    1HUNEA2007002

  • ISBN:

    9781451818079

  • ISSN:

    1934-7685