wiiw Forecast Reports

HUNGARY: Next Generation EU funds crucial to avoid delayed recovery

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Sandor Richter

in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 64-67

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The COVID-19 crisis has hit the economy hard, with the export of vehicles and tourism suffering the most. Household consumption and investment have declined sharply, due partly to sub-optimal crisis management by the government. The pre-crisis economic level will only be reached in late 2022, at the earliest. Support from the EU rescue programme is indispensable for this, but non-compliance with rule-of-law requirements may render participation problematic.

 

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

Countries covered: Hungary


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