wiiw Forecast Reports
HUNGARY: After three years of high growth, what next?
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in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 91-94
With GDP growing last year by 4.9%, the Hungarian economy turned in one of the best performances in the EU. This expansion was driven by domestic demand, primarily investments. But sustainability is the critical issue highlighted here: the economy faces reduced EU transfers, uncertainties and fragile growth in the export markets, labour shortages, rapidly rising wages and a weakening of the national currency.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Hungary