Analysis by Region - Emerging Markets - Hungary

Analysis by Region - Emerging Markets - Hungary



We kept our 2024 GDP growth forecast unchanged at 1.5%. The rebound in activity over Q3 has disappointed to date as external environment remains challenging and domestic demand recovery has proven underwhelming. While we keep expecting GDP growth to pick up to 3.3% next year, we see growing downside risks to our near-term growth expectations.


Hungary: Weak foreign demand clouds near-term growth prospects
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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