IMF Staff Country Reports

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

August 29, 2025

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Format: Chicago

International Monetary Fund. European Dept. "Hungary: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary", IMF Staff Country Reports 2025, 250 (2025), accessed September 5, 2025, https://doi.org/10.5089/9798229020619.002

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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.

Subject: Expenditure, Financial institutions, Financial sector policy and analysis, Financial sector stability, Fiscal consolidation, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Loans, Prices, Public debt, Securities

Keywords: Financial sector stability, Fiscal consolidation, Fiscal stance, Inflation, Loans, Securities

Publication Details

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