hungary

Hungary's GDP growth is 5.7% in 2022 and is projected to be 1.8% in 2023. This slowdown is the result of numerous factors, such as persistently high levels of inflation, levels of external demand, low levels of confidence and also the negative impacts of the war in Ukraine. Business investment is expected to slow down in the face of high interest rates and falling demand, although this should be partly offset by higher public investment linked to the inflow of EU funds.

Inflation peaks in 2022 at 13.9%, with a downward trend in the coming years (13.3% in 2023 and 5.6% in 2024).