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OUTLOOK 2019 Hungary

2018. december 21.

Magyar Kereskedelmi és IparkamaraBNE Intellinews

... Economy....  Hungary's economy has never been in better shape, said the head of Banking Association recently. Economic fundamentals look solid: wages are rising by double-digits, employment is at an all-time high and the construction sector and investments are booming, not least because of the absorption of EU funds. 

Double-digit wage hikes, rising consumer spending, and the EU-funded investment boom are the main drivers of growth. Growth beat analysts’ projections significantly in Q3, rising by a calendar-adjusted 5.2%, the strongest pace since 1996. The government’s official 4.3% growth target for 2018 seems conservative in the wake of recent upgrades by international institutions.  Full text

Széchenyi 2020