Hungary: Staff Report for the 2005 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 2005 Article IV Consultation highlights that Hungary’s economy achieved valuable gains in 2004 with GDP growth recovering to 4 percent. The growth was supported by strong investment and robust export growth. Consumption slowed in response to rising unemployment, a moderation in wage growth and a tightening of the housing subsidy scheme. Despite these favorable developments, risks associated with the twin deficits remained. Although some fiscal consolidation has taken place, the twice upward-revised fiscal deficit target was not met.
Series:
Country Report No. 2005/213
Subject:
Balance of payments Current account deficits External debt Government debt management Inflation Prices Public debt Public financial management (PFM)
English
Publication Date:
June 29, 2005
ISBN/ISSN:
9781451818017/1934-7685
Stock No:
1HUNEA2005002
Pages:
54
Please address any questions about this title to publications@imf.org