TITLE

Policy Weakness Raises Country Risk

PUB. DATE
November 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p2
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that the sustained policy weakness has raised macroeconomic risk in Hungary to a level at which drastic corrective action is required. While growth consistent with the process of economic convergence may have concealed policy weakness relative to established EU member states in previous years, poor policy implementation is now beginning to impinge upon the country's medium-term growth outlook, and action is needed to prevent current risks from undermining economic stability. With the country's intended privatization process largely completed, next year's budgetary environment will present a major challenge for the authorities.
ACCESSION #
18561483

 

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