Hungary: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

April 29, 2016

Preview Citation

Format: Chicago

Hungary: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary, (USA: International Monetary Fund, 2016) accessed December 26, 2024

Summary

This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a favorable external environment, and high utilization of European Union (EU) funds. Unemployment declined sharply, amid a continuous rise in labor participation. Inflationary pressures have remained subdued. Better-than-budgeted fiscal performance last year helped reduce the public debt ratio. But 2016 is not going to be very encouraging for Hungarian economy. Growth prospects remain subdued reflecting an adverse business climate. The balance of risks is tilted to the downside.

Subject: Banking, External debt, Inflation, Labor, Labor markets, Prices, Public debt

Keywords: CR, Economy, Financing, Financing needs, Global, Headline inflation, Holding, Inflation, Inflation expectation, ISCR, Labor markets, Lending, Liability positions vis-à-vis nonresident, Rate, Self-financing program

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/107
Stock No:

1HUNEA2016001
ISBN:

9781475517927
ISSN:

1934-7685

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