Hungary

Simona Moagăr Poladian

Conjunctura economiei mondiale / World Economic Studies, 2012

Abstract: In 2011 the Hungarian growth rate was pretty similar to the last year level indicating an internal persistent structural imbalances and determined public debt and sovereign debts in some EU partner’s states especially from Eurozone. An expected rate of 2.5-2.8% GDP rate would lead to a long term increasing in the Hungarian economy. The main driven force of the economic development is represented by exports that dropped from a rate of 14.3% in 2010 to barely 8.4% in 2011. Some analysts from European Commission have considered a long term recovery to a durable economic growth would be a further structural adjustments. In November 2011 Hungary was downgrading to Junk rating by all three rating American agencies.

Keywords: GDP; consumption; inflation rate investment; exports (search for similar items in EconPapers)
JEL-codes: E21 E22 E31 O11 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2012:id:2822000009567023

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