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Analysis by Region - Emerging Markets - Hungary

Publisher Oxford Economics
Published Jan 30, 2026
Length 8 Pages
SKU # OFE20872805

Description

We've kept our 2026 Hungary GDP growth forecast at 1.9%, after a 0.3% expansion in 2025. GDP returned to growth in Q4, but at a mere 0.2% q/q it undershot our and consensus call of a 0.5% q/q pick-up. However, improving sentiment and expected pre-electoral transfers supporting near-term spending underpin our expectation that the recovery will gain momentum this year.

Table of Contents

8 Pages
Hungary: Weak end to 2025 points to downside near-term risks
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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