Hungary 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

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. Unempl...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Income economics 
653 |a Debts, Public 
653 |a Sovereign Debt 
653 |a Labor economics 
653 |a Macroeconomics 
653 |a Public finance & taxation 
653 |a Banking 
653 |a Public Finance 
653 |a Foreign exchange 
653 |a Exports and Imports 
653 |a Debt Management 
653 |a Banks and banking 
653 |a Labor 
653 |a Micro Finance Institutions 
653 |a Debt 
653 |a International Lending and Debt Problems 
653 |a Prices 
653 |a Labor Economics: General 
653 |a Labour 
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653 |a Labor markets 
653 |a Price Level 
653 |a Banks and Banking 
653 |a Inflation 
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520 |a 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. Unemployment declined sharply, amid a continuous rise in labor participation. Inflationary pressures have remained subdued. Better-than-budgeted fiscal performance last year helped reduce the public debt ratio. But 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