wiiw Forecast Reports

HUNGARY: Thriving household consumption pushes the economy onto a higher growth path


Sandor Richter

in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 72-76

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Over the next three years, economic growth is forecast to remain above 3%. In 2016, the expansion of household consumption was the main driver of growth, and that will remain the case, at least until the election year 2018. A deterioration will begin in the external balances; there is expected to be a recovery in investment, largely financed by EU funds.


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

Countries covered: Hungary