Hungary: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, May 9, 2003
Source details
- Canonical URL
- Hungary: Staff Report for the 2003 Article IV Consultation
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Bibliographic details
- Published: May 9, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451817874.002
Executive summary — major findings
- Developments in growth and inflation were broadly positive in 2002.
- Buoyed by domestic demand, real GDP growth increased to 3.5 percent (year-over-year) in the second half of 2002 from 3.0 percent in the first half.
- Headline inflation declined from its recent peak of 10.8 percent in May of 2001 to 4.8 percent at end-2002.
- The external current account deficit widened in 2002.
- Foreign direct investment fell off sharply in 2002.
Subject areas and keywords
- Subject: External debt, Fiscal consolidation, Inflation, Labor, Prices, Public debt, Wage adjustments, Wages
- Keywords: CR, current account, data revision, deficit, export volume growth, GDP, government, headline CPI inflation, import growth, Inflation, ISCR, private sector employment, Wage adjustments, Wages