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Country Forecast Hungary Updater Product Image

Country Forecast Hungary Updater

  • Published: July 2014
  • Region: Hungary
  • 19 Pages
  • The Economist Intelligence Unit

The centre-right Fidesz-Hungarian Civic Union (Fidesz) retained its two-thirds majority at the parliamentary election on April 6th 2014, taking 133 out of 199 seats in parliament. The opposition parties did badly, with the Unity alliance of left-leaning parties taking just 38 seats.

The Economist Intelligence Unit sees few signs of a policy direction change in the 2014-18 term. The focus will be on boosting growth through state measures, easing the household debt burden through cuts to utility prices and foreign-currency loan costs, and taxing certain sectors to keep the fiscal deficit within 3% of GDP.

Although the two-thirds majority could have the effect of making the party more secure in power and therefore less confrontational, we do not expect this to happen. The strength of the far right will make Fidesz keen to continue to burnish its nationalist credentials, and further clashes with EU institutions and foreign businesses look likely.

Country Forecast Hungary Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Hungary's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure

Fact sheet

Outlook for 2014-18: Political stability

Outlook for 2014-18: Election watch

Outlook for 2014-18: International relations

Outlook for 2014-18: Policy trends

Outlook for 2014-18: Fiscal policy

Outlook for 2014-18: Monetary policy

Outlook for 2014-18: Economic growth

Outlook for 2014-18: Inflation

Outlook for 2014-18: Exchange rates

Outlook for 2014-18: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data
Abbreviations

Note: Product cover images may vary from those shown

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