TITLE

Fiscal Tightening Takes Its Toll

PUB. DATE
January 2008
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jan2008, Vol. 15 Issue 1, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports on the impact of fiscal tightening measures on Hungary's economic growth for the fourth quarter 2007. Third quarter real GDP growth came in at 1.0% year-on-year (y-o-y). The continuing slowdown in quarterly growth is attributed to sharp contractions in final consumption. Household spending dropped by 2.1% in y-o-y in H107. Government expenditure fell by 5.9% y-o-y in H107.
ACCESSION #
27762934

 

Related Articles

  • Country Reports: Country outlook: Economic - Hungary.  // Hungary Country Monitor;2014, p1 

    The article offers information on the economic condition of Hungary as of November 2014. Among the key indicators that were discussed are gross domestic product (GDP), fiscal policy, and economic growth. It also provides a table on several macro-economic indicators from 2010-2018 including real...

  • 2. MACROECONOMIC POLICY.  // OECD Economic Surveys: Hungary;May2004, Vol. 2004 Issue 2, p36 

    Explores the initiatives of the Hungarian government to address the challenges facing the macroeconomic policy of the country. Impact of the high level of government spending on economic growth of Hungary; Measures initiated by the government in response to changing economic conditions; Efforts...

  • ECONOMIC LANDSCAPE.  // Hungary Country Profile;2011, p39 

    The article provides an overview of the economic landscape in Hungary including its structure and policies, economic performance and key monetary indicators. It notes that foreign investment has played an important role in the rapid growth of the country and has proven to be a driving force of...

  • Medium- and Long-Term: Outlook.  // Hungary Country Monitor;Mar2012, p23 

    The article presents the medium- and long-term outlook of the economic condition in Hungary. It notes that the country's medium-term economic condition is endangered by the short-term fiscal concerns such as erratic government policy making and the Eurozone debt problem. It suggests that...

  • 2 Effects of alternative scenarios on our forecast.  // Quarterly Report on Inflation (Magyar Nemzeti Bank);Jun2011, p24 

    The article assesses the impact of alternative situations on the Hungarian economic forecast. The ongoing debt downturn of the Eurozone countries expresses concern that bank interest rates in Hungary must be raised at levels higher than their current levels. The forecast suggests that Hungary...

  • Using Fiscal Policy to Spur Growth. Baldacci, Emanuele; Clements, Benedict; Gupta, Sanjeev // Finance & Development;Dec2003, Vol. 40 Issue 4, p28 

    Discusses the importance of improving fiscal policy to stimulate demand and revive stagnant economy. Relevance of reducing fiscal deficits; Decrease in government borrowing; Increase in private consumption and investment. INSETS: Growth increases as the budget moves into surplus.;Methodologies...

  • Economic Growth: Outlook.  // Hungary Country Monitor;Nov2011, p4 

    The article focuses on Hungary's economic growth outlook. It mentions that industrial production is one of the country's export demand deceleration indicators which has 2.3% year-on-year (y/y) in 2011 while household borrowing decline once in July 2011. Meanwhile, several charts are presented...

  • Economic Growth: Recent Developments.  // Hungary Country Monitor;Nov2011, p5 

    The article focuses on Hungary's economic growth development. It says that Hungary's economic recovery posted a quarter-on-quarter (q/q) gains wherein gross domestic product (GDP) grew only 1.5% year-on-year (y/y) in 2011's second quarter. It mentions that household consumption was drag down by...

  • Economic Growth: Consumer Demand - Recent Developments.  // Hungary Country Monitor;Nov2011, p7 

    The article focuses on the consumer demand development in Hungary. It says that its employment and sustained government pro-growth policies have helped to stem the fall in 2009 and 2010. It states that the recovery has been extremely slow, restricted by domestic credit but lack of access to...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics