Hungary: Selected Issues

June 6, 2014

Preview Citation

Format: Chicago

Hungary: Selected Issues, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

This Selected Issues paper assesses recent trends in Hungary’s potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the growth slowdown observed in recent years. It provides estimates of potential growth using various methods, identifies the sources of the growth slowdown, and offers forecasts of potential growth over the medium-term under the baseline scenario. A model-based approach is also employed to estimate potential growth over the medium term under a reform scenario.

Subject: Employment, Labor, Labor markets, Minimum wages, Potential output, Production

Keywords: Africa, CR, Eastern Europe, Employment, EMs equity, Europe, Fed announcement, Global, Growth performance, Hungary, Investment activity, ISCR, Labor market, Labor markets, Labor productivity, Medium term growth prospect, Minimum wage, Minimum wages, Output gap, Output growth, Potential output, Wage

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/156
Stock No:

1HUNEA2014002
ISBN:

9781498379861
ISSN:

1934-7685

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