Hungary: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
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Summary:
Hungary’s 2007 Article IV Consultation reports that with fiscal consolidation on track for 2007 and 2008, short-term risks have receded, especially owing to the favorable international financial environment. Ensuring that the current economic slowdown does not translate into a prolonged period of low growth is important both for raising standards of living and for containing vulnerabilities. Putting the debt on a sustainable downward trend will also require a substantial decrease in the size of government expenditure in relation to GDP.
Series:
Country Report No. 2007/250
Subject:
Exchange rates External debt Financial institutions Foreign exchange Inflation Loans Prices Public debt
English
Publication Date:
July 26, 2007
ISBN/ISSN:
9781451818079/1934-7685
Stock No:
1HUNEA2007002
Pages:
58
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