wiiw Current Analyses and Forecasts
Hungary: Leaving the excessive deficit procedure behind
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 79-81
In Hungary GDP data (year-on-year) for the first quarter show a further decline in consumption and investment. Only foreign trade has contributed positively to the change in GDP. Over the year, good performance in agriculture and construction may help to secure zero growth. The major obstacles to a return to a higher growth rate are uncertainties in the legal and fiscal environment and the lack of confidence among domestic and foreign investors, as well as faltering financial intermediation.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Hungary, Visegrad countries