Hungarian Economy, 2005 - Situation, Processes, Leeway
Hungarian Economy, 2005 - Situation, Processes, Leeway

Summary/Abstract: Fortunately, there is no imminent threat of a crisis at present, however, the strong political support for the implementation of major conceptual reforms and the collective realization of long term dangers are missing. The author summarizes his evaluation in 13 points. The first: it is trivial but unfortunately true that at the turn of the millennium the Hungarian economy left the course of sustainable growth (growth that can be funded). The further 12 points give detailed analysis of the different problems of the Hungarian economy, including the budget deficit, the growing state debt and the loss in credibility of both the fiscal and monetary policy.

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