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Analysis by Region - Emerging Markets - Hungary

Publisher Oxford Economics
Published Dec 30, 2025
Length 8 Pages
SKU # OFE20686059

Description

We've nudged down our 2026 GDP growth forecast for Hungary by 0.1ppt to 1.9%, following an estimated 0.3% expansion in 2025. The details of the Q3 print point to unfavourable growth structure as both investment and exports underperformed. That said, we estimate the economy returned to modest growth in Q4 and think the pace of expansion will gradually pick up next year, in line with improved sentiment amid fiscal loosening and stronger demand.

Table of Contents

8 Pages
Hungary: Fiscal easing, foreign demand to support growth next year
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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