HOME » wiiw Current Analyses and Forecasts » Volume: Fasting or Feasting? Europe - Old and ... » Hungary: Sliding into recession
Given the decline in both consumption and investments and in view of the budget consolidation measures already introduced or still in the pipeline, recession looms large in Hungary. Positive contribution of net exports has not been enough to sustain economic growth. The question as to when (if at all) the government will conclude an agreement on the financial assistance package with the IMF and the EU that the economy so badly needs is still open, as is the question whether the government will be prepared to adjust its (economic and other) policies to comply with the international community’s expectations.
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Hungary: Sliding into recession (by Sandor Richter) in: Fasting or Feasting? Europe - Old and New - at the Crossroads, wiiw Current Analyses and Forecasts No. 10, July 2012, pp. 66-70 DOWNLOAD (Login required)
Countries covered: Hungary, Visegrad countries |
Add to cartGiven the decline in both consumption and investments and in view of the budget consolidation measures already introduced or still in the pipeline, recession looms large in Hungary. Positive contribution of net exports has not been enough to sustain economic growth. The question as to when (if at all) the government will conclude an agreement on the financial assistance package with the IMF and the EU that the economy so badly needs is still open, as is the question whether the government will be prepared to adjust its (economic and other) policies to comply with the international community’s expectations.
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