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Analysis by Region - Emerging Markets - Hungary

Publisher Oxford Economics
Published Oct 28, 2025
Length 8 Pages
SKU # OFE20535920

Description

We've kept our GDP growth forecasts for Hungary at 0.5% in 2025 and 2.2% in 2026. We estimate the economy grew in Q3, but only modestly. Our below-consensus near-term growth expectation stems primarily from protracted industrial and investment weakness. At the same time, consumption will remain resilient due to pre-electoral stimulus supporting disposable incomes. We consider risks to the near-term outlook to be balanced.

Table of Contents

8 Pages
Hungary: Industrial weakness weighs on the near-term outlook
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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