Hungary: Staff Report for the 2005 Article IV Consultation

June 29, 2005

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Hungary: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 19, 2024

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.

Subject: Balance of payments, Current account deficits, External debt, Government debt management, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Consumer confidence confidence index, CR, Current account deficits, Deficit, GDP, Government debt management, Inflation, ISCR, Revenue shortfall, Staff appraisal, Staff projection, Staff statement, Standard and Poor's

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/213
Stock No:

1HUNEA2005002
ISBN:

9781451818017
ISSN:

1934-7685

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