Hungary: Staff Report for the 2014 Article IV Consultation

International Monetary Fund

No 2014/155, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2014 Article IV Consultation highlights that Hungary’s economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net exports. Private demand—although strengthening on the back of accommodative monetary conditions and improved market confidence—remained weak, and credit to the retail and corporate sectors continued to contract, albeit at a slowing pace. Hungary’s medium-term growth prospects remain subdued, as private consumption is still hampered by the ongoing repair of households’ balance sheets; the weak business environment continues to weigh on private investment.

Keywords: ISCR; CR; financing; largely not observed; headline inflation; liability positions vis-à-vis nonresident; Hungary's economy; monetary policy; control environment; credit squeeze; support Hungary's advancement; labor market condition; risk perception; Loans; Credit; Global; Policy recommendation; policy predictability; inflation expectation (search for similar items in EconPapers)
Pages: 68
Date: 2014-06-06
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=41618 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2014/155

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().