Hungary : Recent Economic Developments and Background Issues

Author/Editor:

International Monetary Fund

Publication Date:

May 10, 1995

Summary:

This paper reviews economic developments in Hungary during 1993–94. The downward trend in measured aggregate output that had begun in 1990 reached its trough during 1993, and Hungary recorded its first positive GDP growth in five years in 1994. At the same time, progress with respect to inflation remained slow and the annual increase in consumer prices, after some decline early in the year, stood at about 21 percent at end-1994, little changed from 1993. Overall, macroeconomic developments in Hungary during 1993–94 were overshadowed by large fiscal and external imbalances.

Series:

Country Report No. 95/35

Subject(s):

Notes:

This report on recent economic developments and background issues in Hungary was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

English

Publication Date:

May 10, 1995

ISBN/ISSN:

9781451817812/1934-7685

Stock No:

1HUNEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

190

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