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Hungary: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper assesses recent trends in Hungary’s potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the growth slowdown observed in recent years. It provides estimates of potential growth using various methods, identifies the sources of the growth slowdown, and offers forecasts of potential growth over the medium-term under the baseline scenario. A model-based approach is also employed to estimate potential growth over the medium term under a reform scenario.

Suggested Citation

  • International Monetary Fund, 2014. "Hungary: Selected Issues," IMF Staff Country Reports 2014/156, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/156
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41619
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    References listed on IDEAS

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    1. World Bank & International Finance Corporation & PricewaterhouseCoopers, "undated". "Paying Taxes 2013 : The Global Picture," World Bank Publications - Reports 16250, The World Bank Group.
    2. Tóth G., Csaba & Virovácz, Péter, 2013. "Winners and Losers – An assessment of the Hungarian flat tax reform with microsimulation," Public Finance Quarterly, Corvinus University of Budapest, vol. 58(4), pages 369-385.
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    Cited by:

    1. Mr. Plamen K Iossifov & Jiri Podpiera, 2014. "Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?," IMF Working Papers 2014/191, International Monetary Fund.

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