Hungary: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2007/250, IMF Staff Country Reports from International Monetary Fund

Abstract: Hungary’s 2007 Article IV Consultation reports that with fiscal consolidation on track for 2007 and 2008, short-term risks have receded, especially owing to the favorable international financial environment. Ensuring that the current economic slowdown does not translate into a prolonged period of low growth is important both for raising standards of living and for containing vulnerabilities. Putting the debt on a sustainable downward trend will also require a substantial decrease in the size of government expenditure in relation to GDP.

Keywords: ISCR; CR; exchange rate; deficit; government; rate; GDP; deficit-reduction measure; market-risk stress tests; exchange regime; inflation expectation; exchange rate framework; executive board discussion; interest rate; foreign currency; Exchange rates; Inflation; Loans; Europe; Central and Eastern Europe; Baltics; Eastern Europe (search for similar items in EconPapers)
Pages: 58
Date: 2007-07-26
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