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Hungary: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 125
Language:
English
Publication Date:
09 May 2003
DOI:
https://doi.org/10.5089/9781451817928.002
ISBN:
9781451817928
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; current account deficit; expenditure ceiling; wage bill; government spending; FDI inflow; central government; fiscal policy; labor market; output gap; depreciation rate; Current account deficits; Current account; Current account balance; Fiscal consolidation; Europe
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This Selected Issues paper examines the external sector issues in Hungary. It looks at some traditional indicators of external competitiveness, and provides basic background on key macroeconomic developments, including the current account and its financing. The paper examines various measures of the real effective exchange rate, the labor market considerations, and actual export performance. The paper concludes that although external competitiveness of the Hungarian economy has not been permanently impaired and the country is doing well from various vantage points, a significant dent has been put in competitiveness.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund