Hungary : Staff Report for the 2005 Article IV Consultation

1HUNEA2005002 Image
Price:  $15.00

Release Date: © June, 2005
ISBN : 978-1-45181-801-7
Stock #: 1HUNEA2005002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Monetary policy




More publications in this series: IMF Staff Country Reports