Hungary: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Author: International Monetary Fund. European Dept.

Volume/Issue: Volume 2025 Issue 250

Publication date: August 2025

ISBN: 9798229020619

$20.00

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Topics covered in this book

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Finance , Inflation , Public Finance , safeguards assessment of the Magyar Nemzeti Bank , control environment , audit oversight , credit program , state presence , integrity authority , Inflation , Financial sector stability , Global , Europe , Eastern Europe

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Summary

Hungary’s rebound has stalled. A nascent recovery in early 2024 lost momentum in the second half of the year and output contracted in Q1:2025. Inflation re-accelerated in Q4:2024 and remains above the 1 percent tolerance band of the 3 percent target. These developments emerged against an already disappointing postpandemic recovery and long-standing productivity impediments.