Economic Trends 2023/2 report on Eastern Europe and Hungary out

The global economic outlook has markedly deteriorated in the past months. China’s strict no-COVID policy has muted Chinese economic growth, the escalation of the Russian-Ukrainian conflict pushed global inflation even further, the bottlenecks in global shipping and the shortages in various products remained biting. In Hungary, a gargantuan stimulus package in February unsurprisingly made for very dynamic growth in the first quarter, but the 8.2% growth rate still came as a surprise to most observers.

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