Hungary: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

International Monetary Fund

No 2025/250, IMF Staff Country Reports from International Monetary Fund

Abstract: Hungary’s rebound has stalled. A nascent recovery in early 2024 lost momentum in the second half of the year and output contracted in Q1:2025. Inflation re-accelerated in Q4:2024 and remains above the 1 percent tolerance band of the 3 percent target. These developments emerged against an already disappointing postpandemic recovery and long-standing productivity impediments.

Keywords: safeguards assessment of the Magyar Nemzeti Bank; control environment; audit oversight; credit program; state presence; integrity authority; Inflation; Financial sector stability; Global; Europe; Eastern Europe (search for similar items in EconPapers)
Pages: 79
Date: 2025-08-29
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