Hungary: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary
Electronic Access:
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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.
Series:
Country Report No. 2016/107
Subject:
Banking External debt Inflation Labor Labor markets Prices Public debt
English
Publication Date:
April 29, 2016
ISBN/ISSN:
9781475517927/1934-7685
Stock No:
1HUNEA2016001
Pages:
79
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