Hungary: Selected Issues

International Monetary Fund

No 2014/156, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper assesses recent trends in Hungary’s potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the growth slowdown observed in recent years. It provides estimates of potential growth using various methods, identifies the sources of the growth slowdown, and offers forecasts of potential growth over the medium-term under the baseline scenario. A model-based approach is also employed to estimate potential growth over the medium term under a reform scenario.

Keywords: ISCR; CR; labor market; Hungary; minimum wage; wage; output gap; EMs equity; labor productivity; Fed announcement; investment activity; output growth; growth performance; medium term growth prospect; Labor markets; Employment; Potential output; Minimum wages; Global; Europe; Eastern Europe; Africa (search for similar items in EconPapers)
Pages: 51
Date: 2014-06-06
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Citations: View citations in EconPapers (1)

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