Hungary : Staff Report for the 2015 Article IV Consultation

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

April 3, 2015

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, output grew by 3.6 percent in 2014. Unemployment declined sharply reflecting the expansion of public works programs and job creation in the private sector. Headline and core inflation decelerated sharply, and inflation expectations fell below the National Bank of Hungary’s inflation target. Going forward, output growth is projected to decelerate to 2.75 percent in 2015, on account of a smaller domestic-demand impetus owing to less-supportive fiscal stance and lower investment growth.

Series:

Country Report No. 15/92

Subject:

English

Publication Date:

April 3, 2015

ISBN/ISSN:

9781475546293/1934-7685

Stock No:

1HUNEA2015001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

65

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