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OECD Economic Surveys: Hungary 2012

OECD Economic Surveys: Hungary 2012

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OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes special chapters on the labour market and on the health care system.Table of Content :Basic statistics of Hungary, 2010 Executive summary Assessment and recommendations-Hungary's economy is facing renewed market stress-Short-term policies to restore confidence and head off the risk of a prolonged downturn-Medium-term structural policies to foster potential output growth-Bibliography-Annex A1. Progress in main structural reformsChapter 1. Ensuring debt sustainability amid strong economic uncertainty-A relatively favourable fiscal position despite the economic crisis-Long-term fiscal sustainability remains highly sensitive to economic shocks-Achieving more progress towards fiscal sustainability-Bibliography-Annex 1.A1. A stochastic approach to Hungarian debt sustainabilityChapter 2. Ensuring financial stability and efficiency -The banking sector remains fragile with a reisk of credit rationing-Restoring financial intermediation requires a careful mix of measures-Sustainable financing of the economy requires lowering intermediation costs-Financial regulation and supervision has to take into account systemic risks-Bibliography-Annex 2.A1. Determinents of net interest margins in Hungary and its OECD peer group in Central and Eastern EuropeChapter 3. Towards a more inclusive labour market -The crisis and its aftermath have taken a heavy rtoll on the labour market-Raising participation rates-Improving the integration of under-represented groups in the labour market-BibliographyChapter 4. Improving health outcomes and system -Health outcomes are generally poor-The health system has been ineffective at improving the health status-Reforms of the health care system-Bibliography-Annex 4.A1. Health care system organisationGlossary