Oecd Economic Surveys: Hungary 2010

OECD's periodic survey of Hungary's economy. This 2010 edition includes chapters covering restoring sustainable growth, sustaining fiscal reform, enhancing financial stability through better regulation, and raising education's contribution to growth.

Basic Statistics of Hungary, 2008 Executive summary Assessment and recommendations Chapter 1. Restoring a sustainable growth path -Being overwhelmed by the financial crisis -Macroeconomic policies strive to restore financial stability during a deep recession -Laying the foundations for stronger sustained growth output -Annex 1.A1. Progress in main structural reforms Chapter 2. Sustaining the momentum of fiscal reform -Recent developments -Addressing the structural fiscal challenges -Annex 2.A1. Implementing the fiscal rules -Annex 2.A2. Measuring the efficiency of Hungary's public administration -Annex 2.A3. Key recent parametric changes to public pension systems -Annex 2.A4. Revenue effects of tax proposals Chapter 3. Enhancing financial stability through better regulation -The global crisis exposed weaknesses of the Hungarian financial system -Many households borrowed beyond their means and in foreign currency -Banks have so far been weathering the crisis relatively well -Reshaping regulatory approaches -Annex 3.A1. Estimation of banking efficiency Chapter 4. Raising education's contribution to growth -Introduction -Education outcomes -Reforms to raise school education outcomes -Improve financing of tertiary education to support innovation and growth -Annex 3.A1. The school system Glossary