wiiw Forecast Reports
HUNGARY: Moderate growth in 2013, moderate acceleration in 2014
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 47-50
HUNGARY
The Hungarian economy attained moderate growth in 2013, to a large extent due to the outstanding agricultural output related to favourable weather. In the last months of 2013 investments began to recover from hibernation but consumption remained flat. 2014 will bring about a modest acceleration of GDP growth driven by an upturn of primarily EU co-financed investments and net exports. Institutional conditions for a more robust economic growth will likely remain unfulfilled.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Hungary, Visegrad countries