01817cas a2200241 a 4500 AALejournalIMF016774 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475517927 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Hungary : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (79 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a favorable external environment, and high utilization of European Union (EU) funds. Unemployment declined sharply, amid a continuous rise in labor participation. Inflationary pressures have remained subdued. Better-than-budgeted fiscal performance last year helped reduce the public debt ratio. But 2016 is not going to be very encouraging for Hungarian economy. Growth prospects remain subdued reflecting an adverse business climate. The balance of risks is tilted to the downside. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/107 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/107/002.2016.issue-107-en.xml IMF e-Library