macroeconomic forecast

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The Hungarian economy could get back on a growth path next year

In 2022, the Hungarian economy grew by 4.6%. Data from the first two quarters of this year suggest no economic growth: Századvég Konjunktúrakutató forecasts that the Hungarian economy may shrink by 0.3% in 2023. 2024 and 2025 are expected to produce modest growth rates, 2.5% and 2.8% respectively.

This year may be characterised by subdued economic expansion

The performance of the Hungarian economy grew by 4.6 percent in 2022, while we estimate that it may expand by 0.6 percent in 2023 and 3.4 percent in 2024. Since our previous forecast in December 2022, we have revised our growth outlook downwards. Downside risks include declining retail sales, uncertainties over EU funds and a high interest rate environment.

In our fast-changing world, good decisions require high-quality and relevant data.

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macroeconomic forecast

In our fast-changing world, good decisions require high-quality and relevant data.

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