Hungary: Staff Report for the 2015 Article IV Consultation
Electronic Access:
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Summary:
This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, output grew by 3.6 percent in 2014. Unemployment declined sharply reflecting the expansion of public works programs and job creation in the private sector. Headline and core inflation decelerated sharply, and inflation expectations fell below the National Bank of Hungary’s inflation target. Going forward, output growth is projected to decelerate to 2.75 percent in 2015, on account of a smaller domestic-demand impetus owing to less-supportive fiscal stance and lower investment growth.
Series:
Country Report No. 2015/092
Subject:
Banking Commercial banks Expenditure Financial institutions Financial statements Inflation Loans Prices Public debt Public financial management (PFM)
English
Publication Date:
April 3, 2015
ISBN/ISSN:
9781475546293/1934-7685
Stock No:
1HUNEA2015001
Pages:
65
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