wiiw Current Analyses and Forecasts
Hungary: One-sided growth - only exports matter
in: Recovery: Limp and Battered
wiiw Current Analyses and Forecasts No. 8, July 2011 , pp. 67-71
In Hungary, post-crisis growth has been driven solely by external demand. Investment and con-sumption are suffering on account of legal uncertainties and impaired financial intermediation. For 2011, nationalizing the assets of private pension funds will secure a one-off fiscal surplus. Interna-tional investors have demonstrated their appreciation of the government’s fiscal plans. The slow export-based recovery is expected to continue in 2011.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Visegrad countries, Hungary