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...

This Selected Issues paper describes and discusses potential implications of recent changes in Hungary's public debt strategy. Special attention is paid to the motivation for, and recent experiences with, the 'Hungarian Government Security Plus Scheme' (MAP+) for physical persons, introduced in...

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and accommodative monetary and fiscal policies. However, despite robust private sector...

This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of European countries. The recessions that followed the crisis were deeper and lasted...

This 2018 Article IV Consultation highlights that the headline inflation in Hungary has started to pick up, mainly owing to higher energy prices, while core inflation has been running sideways over the past six months, despite emerging capacity constraints. Unemployment remains on a decreasing...