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Dualities in the Hungarian Economy - Growth and Prosperity in the 21st Century

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  • Agnes Nagy

    (Magyar Nemzeti Bank)

Abstract

The decade of the 2010s can be considered the most successful period in Hungary's economic history of the last century, due to the reforms implemented at the beginning of the period. The positive performance was mainly based on quantitative indicators, while qualitative indicators showed a lag as reforms gradually slowed down. Our analysis highlights the dualities in the Hungarian economy that are reflected in the quantitative and qualitative indicators, drawing attention to the need for a complete turnaround in competitiveness to achieve sustainable convergence.

Suggested Citation

  • Agnes Nagy, 2023. "Dualities in the Hungarian Economy - Growth and Prosperity in the 21st Century," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 22(4), pages 160-171.
    • Handle: RePEc:mnb:finrev:v:22:y:2023:i:4:p:160-171
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