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Analysis by Region - Emerging Markets - Hungary

Publisher Oxford Economics
Published Mar 31, 2026
Length 8 Pages
SKU # OFE21076934

Description

We’ve cut our 2026 GDP growth forecast for Hungary by 0.3ppts to 1.4% due to the expected hit to the economy from higher energy prices. Although pre-electoral fiscal support and fuel price caps will mitigate the drag in the near term, the burden will simply be shifted to H2 2026 and 2027. Partly because of that, we've cut our expectation for next year's growth, too, by 0.2ppts to 2.4%. We continue to see the balance of risks as skewed to the downside.

Table of Contents

8 Pages
Hungary: Iran war to further trim growth, lift inflation
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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