This paper examines Hungary's reforms since 1968. It discusses the government's medium-term adjustment program, unveiled in the fall of 1990, which aims to install the key elements of a market economy in three years

This 2019 Article IV Consultation discusses that in an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be running above capacity and wages are growing rapidly amid historically low...