Hungary: An Economic Survey

Occasional Papers, December 4, 1982

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Hungary: An Economic Survey

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Bibliographic details

• Published: December 4, 1982
• Series: Occasional Papers
• DOI: https://doi.org/10.5089/9781451963830.084

Overview

• Presents an overview of the economy of Hungary.
• Highlights performance during the Fifth Five-Year Plan (1976–80) relative to plan targets.
• Emphasizes government policy to moderate the growth of domestic demand through lower targets for consumption and investment in 1976–80 compared with rates achieved during 1971–75.

Fifth Five-Year Plan (1976–80) — findings

• Actual growth rates for almost all major plan aggregates remained below the targets.
• The lower targets set for the increase in both consumption and investment in the 1976–80 plan relative to the rates achieved during 1971–75 reflected the government’s policy of moderating the growth of domestic demand.
• The actual average annual growth rate for investment closely approximated the plan targets, whereas that of private consumption fell far short of the plan targets.

Subject coverage and keywords

• Subject: Banking, Consumer prices, Credit, Currency convertibility, Exports, Imports, International trade, Money, Prices, Producer prices
• Keywords: Consumer prices, Credit, Currency convertibility, enterprise level, Europe, Exports, Global, Imports, loss-making enterprise, national bank of Hungary, OP, producer price reform, Producer prices, reform enterprise system, supply link