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Country Economic Forecasts > Hungary

  • March 2017
  • -
  • Oxford Economics
  • -
  • 13 pages

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After a sharp slowdown in GDP growth to 1.8% in 2016, the Hungarian economy will accelerate in 2017 as 15-25% minimum wage hikes boost consumption and investment recovers due to a gradual pick-up in absorption of EU funds. Along with a range of tax cuts, an ultra-loose monetary policy and a more supportive external environment, this will result in GDP growth accelerating to 2.2% in 2017 in seasonally-adjusted terms.

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