wiiw Forecast Reports
HUNGARY: Losing momentum
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 80-83
HUNGARY
After six quarters featuring GDP growth rates higher than 3%, the second quarter of 2015 brought about a deceleration in the pace of economic expansion to 2.7%. Both that slowdown and the preceding high quarterly growth rates are linked to the cyclical nature of cohesion policy transfers from the European Union. The marked upturn in investment experienced in 2014 will not be repeated this year; the economy appears to be returning to its earlier growth pattern characterised by net exports as the major contributors to economic expansion.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Hungary, Visegrad countries