Hungary: Staff Report for the 2002 Article IV Consultation

June 5, 2002

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Hungary: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 29, 2024

Summary

This 2002 Article IV Consultation highlights that although economic growth of Hungary slowed in 2001, the economy showed considerable resilience to the weaker external environment. GDP growth was a still respectable 3.8 percent, down from 5.2 percent in 2000 but higher than most other countries in the region. Although export growth decelerated as the year progressed, it nevertheless outpaced growth in Hungary’s export markets. Domestic demand was partly supported by buoyant private consumption on the back of strong real wage gains. Meanwhile, the unemployment rate edged down to 5.6 percent by the start of 2002.

Subject: Expenditure, Government debt management, Inflation, Inflation targeting, Monetary policy, National accounts, Prices, Public financial management (PFM)

Keywords: CR, Deficit, Deficit target, Financial system, Fuel price inflation, GDP, Global, Government debt management, Inflation, Inflation expectation, Inflation target range, Inflation targeting, ISCR, Monetary policy, Western Europe

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/111
Stock No:

1HUNEA0032002
ISBN:

9781451817942
ISSN:

1934-7685

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