 HungaryDaniel Bulin () Conjunctura economiei mondiale / World Economic Studies, 2017, 164-168 Abstract: 2016 marked a slowdown in Hungary's GDP. The economy has been severely affected by the sharp fall in investments, in particular as a result of diminishing European funds. Nevertheless, the labour market continued its favourable course in recent years, and the appropriate economic framework has been accompanied by an increase in the active trade surplus and current account balance. In the 2017-2018 forecast horizon, Hungary's economy will be characterized by robust growth, supported by the recovery of both private consumption and investment, along with a gradual decline in unemployment and a reduction in public debt, even if still far from a sustainable level. Yet, the unfavourable exchange rate of the Hungarian forint against major currencies, as well as the surging budget deficit and diminishing positive trade balance, are among the main challenges facing the Hungarian economy in the short term. Keywords: Hungary; growth; GDP; European Union; bilateral relations; unemployment; government debt (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2017:p:164-168 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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