wiiw Forecast Reports

HUNGARY: Clear signs of decelerating growth

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Sandor Richter

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 68-71

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Hungarian economic growth was strong in the first half of 2019, but the signs of a deceleration are already discernible. In Q2 compared to Q1, investment growth slowed notably, while the external environment deteriorated. From next year, EU transfers will drop by a substantial degree, further weighing on investment. Labour shortages will remain problematic, and put further upward pressure on wages. We expect a significant slowdown of economic growth over the forecast horizon, from 4.3% this year to 3.1% in 2020 and to 2.6% in 2021.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Hungary


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