wiiw Forecast Reports
HUNGARY: At the turning point of the business cycle
publication_icon
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 88-91
The Hungarian economy expanded by 4.8% in Q2 of 2018, reaching the zenith of the current business cycle. Growth has been driven by the extraordinarily rapid utilisation of EU cohesion policy resources. This high growth rate cannot be sustained in the next three years. A sharp decrease in EU transfers from next year on will remove an important driver of growth and there is no comparable substitute for that in sight.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Hungary