Hungary : Staff Report for the 2005 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

June 29, 2005

Electronic Access:

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Summary:

This 2005 Article IV Consultation highlights that Hungary’s economy achieved valuable gains in 2004 with GDP growth recovering to 4 percent. The growth was supported by strong investment and robust export growth. Consumption slowed in response to rising unemployment, a moderation in wage growth and a tightening of the housing subsidy scheme. Despite these favorable developments, risks associated with the twin deficits remained. Although some fiscal consolidation has taken place, the twice upward-revised fiscal deficit target was not met.

Series:

Country Report No. 05/213

Subject:

English

Publication Date:

June 29, 2005

ISBN/ISSN:

9781451818017/1934-7685

Stock No:

1HUNEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

54

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