Economic Trends 2023/3 report on Eastern Europe and Hungary

The year 2023 started reasonably well in the global economy, and an acceleration of growth seemed realistic, but later the hope regarding China’s recovery from lockdown proved exaggerated, the negative impact of worldwide monetary tightening has become more pronounced and even the downward trend in energy prices was followed by an uptick during the fall. In Hungary, during the past year and a half, the economic growth trajectory underwent a drastic change of direction, from the outstanding growth rate in early 2022 to the substantial decline in the second quarter of this year.

Please read the full report here.