{
  "title": "Hungary: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary",
  "publication": "IMF Staff Country Reports, April 29, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/hungary-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-43878",
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  "summary": "This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a favorable external environment, and high utilization of European Union (EU) funds.",
  "sections": [
    {
      "heading": "Economic performance and drivers",
      "content": "- The Hungarian economy has been growing at a robust pace over the past few years.\n- Growth was supported by:\n  - supportive macroeconomic policies,\n  - a favorable external environment,\n  - high utilization of European Union (EU) funds.\n- Better-than-budgeted fiscal performance last year helped reduce the public debt ratio."
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    {
      "heading": "Labor market and inflation",
      "content": "- Unemployment declined sharply.\n- Labor participation recorded a continuous rise.\n- Inflationary pressures have remained subdued."
    },
    {
      "heading": "Near-term outlook and risks",
      "content": "- \"2016 is not going to be very encouraging for Hungarian economy.\"\n- Growth prospects remain subdued reflecting an adverse business climate.\n- The balance of risks is tilted to the downside."
    },
    {
      "heading": "Subject and keywords (as listed)",
      "content": "- Subject: Banking, External debt, Inflation, Labor, Labor markets, Prices, Public debt\n- Keywords: CR, economy, financing, financing needs, Global, headline inflation, holding, Inflation, inflation expectation, ISCR, Labor markets, lending, liability positions vis-à-vis nonresident, rate, self-financing program\n\n---\n\n Content in this bundle\n\n- cr16107\n  - cr16107 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16107 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 29, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475517927.002",
    "The Hungarian economy has been growing at a robust pace over the past few years.",
    "Growth was supported by:",
    "Better-than-budgeted fiscal performance last year helped reduce the public debt ratio.",
    "Unemployment declined sharply.",
    "\"2016 is not going to be very encouraging for Hungarian economy.\"",
    "Growth prospects remain subdued reflecting an adverse business climate.",
    "The balance of risks is tilted to the downside.",
    "Subject: Banking, External debt, Inflation, Labor, Labor markets, Prices, Public debt",
    "Keywords: CR, economy, financing, financing needs, Global, headline inflation, holding, Inflation, inflation expectation, ISCR, Labor markets, lending, liability positions vis-à-vis nonresident, rate, self-financing program",
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