Hungary: 2021 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 29, 2021
Source details
- Canonical URL
- Hungary: 2021 Article IV Consultation-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: June 29, 2021
- Series: IMF Staff Country Reports
- Volume: 2021
- Issue: 135
- Pages: 54
- DOI: https://doi.org/10.5089/9781513584430.002
- Stock No: 1HUNEA2021001
- ISBN: 978151
Summary
- "Hungary’s economy entered the COVID-19 pandemic on a strong footing and the authorities responded swiftly and strongly to the crisis it triggered."
- "While the lockdowns weighed heavily on activity, the fast vaccination pace is allowing an early relaxation of containment measures, and the economy has started to rebound."
Key findings and themes
- Macroeconomic context:
- Pre-pandemic: strong economic footing.
- Pandemic impact: lockdowns weighed heavily on activity.
- Recovery driver: fast vaccination pace enabling early relaxation of containment measures and an initial rebound in the economy.
- Policy areas covered:
- Climate finance
- Environment
- Fiscal policy
- Fiscal stance
- Inflation
- International organization
- Monetary policy
- Prices
- Public debt
Keywords (as provided)
- Climate finance
- ECB framework
- expenditure Policy
- fiscal policy response
- Fiscal stance
- Global
- indicators of the Financial Access Survey
- Inflation
- inflation expectation
- Policy recommendation
Content in this bundle
- 1hunea2021001