Current Account in Hungary

Hungary Current Account | Economic News & Forecasts

Hungary - Current Account

Despite upbeat first-quarter indicators, analysts expect last year’s growth spurt to be petering out amid a more challenging external-sector backdrop. Domestic demand still looks to be in the driver’s seat. Both the labor market and consumer confidence have notched gains in recent months, while industrial-sector capacity constraints and the ongoing construction boom have likely buoyed fixed investment. Some cracks have begun to appear, however. Business confidence plunged to a two-year low in April and, more broadly, higher inflation since the outset of the year is expected to take its toll. In early May, all eyes were on Moody’s in the run-up to its credit-rating call—now postponed. Ahead of any announcement, strong fundamentals and well-managed public finances bode well for an upgrade to its Baa3 credit rating—although analysts remain split on the matter.

Hungary - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)3.7  1.5  3.5  6.1  2.9  

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Hungary Current Account Chart

Hungary Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Hungary.

Hungary Facts

Bond Yield3.330.0 %May 13
Exchange Rate288.7-0.68 %May 13
Stock Market40,5380.04 %May 13

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