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Macro - Country Economic Forecasts - Hungary

Publisher Oxford Economics
Published May 02, 2022
Length 9 Pages
SKU # OFE17155491

Description

Macro - Country Economic Forecasts - Hungary

Economic data confirm that momentum has held up even after the onset of the Russian invasion of Ukraine. But the impact of war will weigh on the post-pandemic recovery, even if the process proves delayed compared to what was expected. First, the recent survey results point to record input price pressures and renewed supply delivery issues, which will keep a lid on industrial output. Second, inflation staying higher for longer will curb consumption. On balance, we have maintained our GDP forecast for 2022, but on the back of upward revision to 2021 figures the growth rate forecast fell 0.2ppts to 4.4%. Our 2023 GDP growth forecast at 3.4% remains unchanged.

Table of Contents

9 Pages
Hungary: Economy proves resilient so far, but slowdown is coming
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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