Hungary: Disappointing Growth Rebound Expected In 2024 Following Full-Year Contraction In 2023
Country Risk / Hungary / Tue 28 Nov, 2023
Key View
- Following the release of Q323 GDP data for Hungary - which showed that output expanded by 0.9% q-o-q - we have revised up our forecast for 2023 growth from -1.3% to -0.7%. This would follow growth of 4.6% in 2022.
- We expect 2024 growth to come in at a below trend 1.6% as short-term challenges, such as still elevated inflation