wiiw Forecast Reports

HUNGARY: After three years of high growth, what next?

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Sandor Richter

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 91-94

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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


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