Hungary: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, June 5, 2002
Source details
- Canonical URL
- Hungary: Staff Report for the 2002 Article IV Consultation
Other formats
Bibliographic details
- Published: June 5, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451817942.002
Macro‑economic performance and external environment
- GDP growth slowed in 2001 but remained "still respectable" at 3.8 percent, down from 5.2 percent in 2000.
- The economy showed "considerable resilience to the weaker external environment."
- Export growth decelerated during 2001 but "nevertheless outpaced growth in Hungary’s export markets."
- Domestic demand was partly supported by buoyant private consumption driven by strong real wage gains.
- The unemployment rate edged down to 5.6 percent by the start of 2002.
Key policy areas and themes covered
- Expenditure
- Government debt management
- Inflation and inflation targeting
- Monetary policy
- National accounts and Prices
- Public financial management (PFM)
Keywords (as reported)
- CR, deficit, deficit target, financial system, fuel price inflation, GDP, Global, Government debt management, Inflation, inflation expectation, inflation target range, Inflation targeting, ISCR, monetary policy, Western Europe
Publication and document identifiers
- Pages: 43
- Volume: 2002
- Issue: 111
- Series: Country Report No. 2002/111
- DOI: https://doi.org/10.5089/9781451817942.002
- Stock No: 1HUNEA0032002
- ISBN: 9781451817942
- ISSN: 1934-7685
International Monetary Fund. "Hungary: Staff Report for the 2002 Article IV Consultation", IMF Staff Country Reports 2002, 111 (2002).