Hungary: Staff Report for the 2003 Article IV Consultation

May 9, 2003

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Hungary: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed October 11, 2024

Summary

This 2003 Article IV Consultation for Hungary highlights that developments in growth and inflation were broadly positive in 2002. Buoyed by domestic demand, real GDP growth increased to 3.5 percent (year-over-year) in the second half of 2002 from 3.0 percent in the first half. Headline inflation declined from its recent peak of 10.8 percent in May of 2001 to 4.8 percent at end-2002. The external current account deficit widened in 2002, although foreign direct investment fell off sharply.

Subject: External debt, Fiscal consolidation, Inflation, Labor, Prices, Public debt, Wage adjustments, Wages

Keywords: CR, Current account, Data revision, Deficit, Export volume growth, GDP, Government, Headline CPI inflation, Import growth, Inflation, ISCR, Private sector employment, Wage adjustments, Wages

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/124
Stock No:

1HUNEA0012003
ISBN:

9781451817874
ISSN:

1934-7685

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