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GKI: Hungarian Economy Past the Worst of the Crisis

Jan 29, 2024

Last year, the Hungarian economy emerged from the most difficult phase of the crisis caused by the handouts before the 2022 elections and the global economic consequences of Russian aggression against Ukraine. However, according to research by the GKI economic research institute, the government's ideas are unlikely to put the economy on a sustainable growth […]

Hungary’s Chief Banker Warns of  “Near-Critical”  Economic Situation

Dec 9, 2022

Hungary is teetering on the brink of an economic “crisis” and it is one of the “most economically vulnerable” countries in the world, the central bank governor warned. Adopting an unusually critical tone, György Matolcsy blasted the policy mistakes committed by the government of Prime Minister Viktor Orbán in handling the crisis. The Governor of […]

Is digital economy the way out of the current crisis?

Sep 16, 2022

The digital economy has been a key contributor to the economic development of countries in central and southeastern Europe. As Europe tackles the combined crises triggered by the pandemic and the invasion of Ukraine, digital economy may emerge as the means to mitigate the impacts. The digital economy has historically been a key growth driver […]

Out of the Woods?

May 21, 2021

Although Hungary’s economy contracted in the first quarter of 2021, analysts expect the country to return to growth throughout the year and predict a swift recovery from the malaise caused by the coronavirus epidemic. According to current market expectations, the nation could see GDP growth of around 6% this year. Hungarian economic output declined an […]

Winners of the Global Pandemic

Aug 13, 2020

This year has brought about challenges for the globe that previously only sci-fi writers imagined. In spring, the world economy seemed to screech to a halt, scores of companies saw their existence in danger, millions of workers were unable to work, and raw materials procured from abroad failed to arrive or did so with a […]

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