Hungary's economic landscape has shown signs of strain, with the last quarter's performance failing to meet analyst expectations and casting a shadow over the 2024 outlook. Despite previous rebounds, the nation's economy hit a snag, marking a concerning pause in its recovery trajectory. The Central Statistics Office (KSH) revealed a stagnant year-on-year output in the […]

Russia's war against Ukraine, the radically changing political environment and widespread international economic sanctions are forcing the global and Hungarian economy onto an economic path that is highly uncertain, says the latest forecast by Hungary's GKI Economic Research Co. The war launched by Russia against Ukraine and the resulting widespread international economic sanctions are forcing […]

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 […]

Last year, the Hungarian economy probably contracted by as much as 5.5% due to the coronavirus crisis, but GDP growth in 2021 may approach 6%, according to a recently published assessment by the National Bank of Hungary. The central bank identified the areas where the Hungarian economy performed well during the crisis and highlighted 8 […]