Hungary: Selected Issues
Electronic Access:
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Summary:
The two legs that have held up the forint in recent years—a strong “EU accession effect” and positive sentiment toward emerging markets—may no longer be strong enough to offset Hungary’s weak fundamentals. Fiscal consolidation efforts should be supported by stronger budget controls and greater transparency and accountability. This paper is an effort to shed light on Hungary’s employment dynamics, placed in the European Union (EU) context. Hungary’s employment generation has been relatively strong, partly owing to the country’s favorable initial employment distribution across sectors.
Series:
Country Report No. 2006/367
Subject:
Currencies Employment Expenditure Fiscal consolidation Fiscal policy Labor Money Public debt
English
Publication Date:
October 25, 2006
ISBN/ISSN:
9781451818048/1934-7685
Stock No:
1HUNEA2006001
Pages:
78
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