Hungary: Staff Report for the 2011 Article IV Consultation and Second Post-Program Monitoring Discussions

January 25, 2012

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Format: Chicago

Hungary: Staff Report for the 2011 Article IV Consultation and Second Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2012) accessed November 22, 2024

Summary

This 2011 Article IV Consultation highlights that economic growth in Hungary is slowing and market perception of recent policy measures has been negative. The eurozone crisis is weighing on Hungary’s external demand. Fiscal and monetary policies are facing constraints, given financial market pressures and inflationary pressures. Executive Directors have noted that the rebound from the crisis has been modest and vulnerabilities remain high. Directors have therefore underscored the need for a well-crafted policy mix that restores confidence in economic governance, anchors the ongoing adjustment, and strengthens economic institutions.

Subject: Banking, Exchange rates, External debt, Financial institutions, Foreign exchange, Loans, Mortgages, Public debt

Keywords: CR, Deficit target, Eastern Europe, Europe, Exchange rates, Global, Government, Government decree, Government mechanism, Holding, ISCR, Liability positions vis-à-vis nonresident, Loans, MNB scheme

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/013
Stock No:

1HUNEA2012001
ISBN:

9781463934477
ISSN:

1934-7685

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