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Macro - Country Economic Forecasts - Hungary

Publisher Oxford Economics
Published Mar 31, 2022
Length 9 Pages
SKU # OFE17063571

Description

Macro - Country Economic Forecasts - Hungary

We have cut our near-term GDP growth forecast for Hungary, given the economic fallout from the Russian invasion of Ukraine that will hamper the post-pandemic recovery. Notably, inflation will stay higher for longer, weighing on consumption, a major growth driver last year. In addition, heightened supply shortages will keep a lid on the industrial rebound, especially in the automotive sector. We now expect GDP growth of 4.6% in 2022, down from 5.4% last month. That said, our 2023 GDP growth forecast at 3.4% remains unchanged.

Table of Contents

9 Pages
Hungary: Higher inflation and input shortages to weigh on growth
Forecast overview
Recent developments
Short-term growth 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

Pricing

Currency Rates
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