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Hungary

Author

Listed:
  • Simona Moagar Poladian

Abstract

The Hungarian economy registered two years of a modest consecutive years of economic growth after the deep 2009 recession. But Hungarian economy entered again in recession on an international and European basis in 2012. The slowdown was the consequences of three negative factors: the prolonged drought that diminished drastically the agricultural 2012 production, the reducing of internal demand due to diminishing the disposable incomes and a modest rate of exports. European Commission and OECD consider an economic relaunching for 2014 but at a modest rate.

Suggested Citation

  • Simona Moagar Poladian, 2013. "Hungary," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009584003
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    More about this item

    Keywords

    GDP; Consumption; Inflation rate; investment; exports;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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