Memo: Commission’s mission to Hungary encourages continued progress in fiscal consolidation while paying more attention to raising growth potential

European Commission officials, in close cooperation with International Monetary Fund staff and observers from the European Central Bank (ECB), conducted a mission to Hungary from 16 and 28 January. Its purpose was to review recent developments and policy initiatives in the context of post-programme surveillance linked to the EU balance of payments assistance provided over 2008-2010. The mission also used the opportunity to gain insights in view of the Commission's Winter 2013 forecast to be published on 22 February and its In-Depth Review of Hungary to be published in the Spring, in the context of the Macroeconomic Imbalances Procedure.