The last years of economic policy

Strongly hit by the financial crisis of 2008, Hungary has been plunged into a deep economic slowdown until 2012. The last three years have been marked by an economic recovery.

The unemployment rate, which was at about 12 % in 2013, has fallen to about 6 %. The public debt is high but stable. Owing to its openness, the country is very dependent on the economic situation of its EU trade partners.

Main economic indicators for Hungary

	2013	2014	2015(f)	2016(f)
GDP growth (%)	1.9	3.7	2.9	2.5
Inflation (yearly average) (%)	1.7	0.0	0.0	2.0
Budget balance (% GDP)	-2.5	-2.5	-2.4	-2.3
Current account balance (% GDP)	4.1	4.0	5.0	4.8
Public debt (% GDP)	77.3	76.9	77.0	76.0

(f) Forecast

Source: Coface.com

 

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