Hungary: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary
IMF Staff Country Reports, May 12, 2017
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- Hungary: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary
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Bibliographic details
- Published: May 12, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484300459.002
Summary findings and recent performance
- Hungary experienced several consecutive years of high growth and debt reduction.
- The pickup in growth was supported by high use of EU funds, a favorable external environment, and accommodative monetary and fiscal policies.
- Despite robust private sector consumption, GDP growth temporarily slowed in 2016 to an estimated 2 percent, mainly because of a decline in investment.
Growth drivers and near-term outlook
- Output growth is projected to accelerate to about 2.9 percent in 2017.
- The recovery in EU funds disbursement and related investment, together with planned projects in the automotive industry, are identified as the main drivers of growth.
Subject coverage and thematic focus
- Topics addressed include: Banking, External debt, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Revenue administration.
- Keywords appearing in the source: budget to parliament, CR, deficit, draft budget, EU fund, Global, Inflation, ISCR, Market-Based Lending Scheme, staff appraisal.
Publication metadata (selected)
- Pages: 60
- Volume: 2017
- Issue: 123
- Series: Country Report No. 2017/123
- DOI: https://doi.org/10.5089/9781484300459.002
- ISBN: 9781484300459
- ISSN: 1934-7685
International Monetary Fund. Hungary: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary (May 12, 2017).
Content in this bundle
- Country Report