## Hungary: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

_IMF Staff Country Reports, August 29, 2025_

## Source details

**Canonical URL:** [Hungary: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary](https://www.imf.org/en/publications/cr/issues/2025/08/29/hungary-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570029)

## Other formats

- [Markdown version](/en/publications/cr/issues/2025/08/29/hungary-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570029/index.md)
- [Structured JSON version](/en/publications/cr/issues/2025/08/29/hungary-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570029/index.json)
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## Bibliographic details
- Published: August 29, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229020619.002

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### Key Findings: Economic Performance and Outlook
- Hungary’s rebound has stalled.
- A nascent recovery in early 2024 lost momentum in the second half of the year.
- Output contracted in Q1:2025.
- These developments emerged against an already disappointing postpandemic recovery and long-standing productivity impediments.

### Inflation and Price Developments
- Inflation re-accelerated in Q4:2024 and remains above the 1 percent tolerance band of the 3 percent target.

### Thematic Coverage and Subjects
- Expenditure
- Financial sector policy and analysis
- Financial sector stability
- Inflation
- Prices
- Public debt

### Keywords and Analytical Focus
- audit oversight
- control environment
- credit program
- Eastern Europe
- Europe
- Financial sector stability
- Global
- Inflation
- integrity authority
- safeguards assessment of the Magyar Nemzeti Bank
- state presence

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## Content in this bundle

- **1hunea2025001 Source Pdf**
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_Source: https://www.imf.org/en/publications/cr/issues/2025/08/29/hungary-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570029_