Hungary Economic Outlook
March 5, 2019
Growth was buoyant in Q4 2018, boosted by soaring domestic demand. Fixed investment continued to surge, fueled by inflows from EU funds and sturdy construction production, while robust wage growth and an extremely tight labor market powered solid consumer spending. Heading into Q1, low unemployment in January and solid albeit softening optimism among businesses in the first two months of the year point to robust growth, even if it is likely to moderate somewhat. In a testament to the country’s rosy economic situation, in February both Standard & Poor’s (S&P) and Fitch Ratings upgraded the country’s rating to BBB from BBB-, with a stable outlook. S&P highlighted Hungary’s strong growth prospects, amid wage gains and the expansion of export capacity; Fitch Ratings cited the country’s rapid external deleveraging, a sizable current account surplus and a declining debt-to-GDP ratio.Hungary Economic Growth
The economy should perform robustly this year, although growth is poised to soften following a superb 2018. Particularly, a slowdown in EU fund inflows will translate into a less impressive expansion in fixed investment, while higher inflation and fewer job gains will drag on consumer spending. Risks to the outlook stem mainly from the economic performance of the EU. FocusEconomics panelists see the economy expanding 3.4% in 2019, unchanged from last month’s forecast, and 2.6% in 2020.Hungary Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.28 | 0.0 % | Mar 11 |
| Exchange Rate | 280.7 | -0.68 % | Mar 11 |
| Stock Market | 40,820 | 0.04 % | Mar 11 |
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Hungary Economic News
Hungary: Second estimate raises growth in Q4
March 1, 2019
According to a second estimate released by the Central Statistics Office (KSH) on 1 March, the Hungarian economy continued to grow buoyantly in the fourth quarter, boosted by sturdy consumer spending and surging fixed investment.
Hungary: Economic sentiment declines further in February
February 27, 2019
The GKI economic sentiment index, a composite indicator, dropped to 6.7 points in February from 7.1 points in January.
Hungary: MNB acknowledges policy normalization as it holds off in February
February 26, 2019
At its latest monetary policy meeting on 26 February, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.
Hungary: Growth hits 14-year high in Q4
February 14, 2019
The Hungarian economy continued to fire on all cylinders in the fourth quarter.
Hungary: Industrial production strengthens notably in December
February 13, 2019
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 February, industrial output rose a working-day adjusted 5.7% year-on-year in December, the strongest reading in almost a year.
© Copyright: 2019 | Hungary Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
