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Hungary: Staff Report for the 2005 Article IV Consultation

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2005. "Hungary: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/213, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/213
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18362
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