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Hungary

Author

Listed:
  • Simona Moagăr Poladian

Abstract

In 2011 the Hungarian growth rate was pretty similar to the last year level indicating an internal persistent structural imbalances and determined public debt and sovereign debts in some EU partner’s states especially from Eurozone. An expected rate of 2.5-2.8% GDP rate would lead to a long term increasing in the Hungarian economy. The main driven force of the economic development is represented by exports that dropped from a rate of 14.3% in 2010 to barely 8.4% in 2011. Some analysts from European Commission have considered a long term recovery to a durable economic growth would be a further structural adjustments. In November 2011 Hungary was downgrading to Junk rating by all three rating American agencies.

Suggested Citation

  • Simona Moagăr Poladian, 2012. "Hungary," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
  • Handle: RePEc:iem:conjun:y:2012:id:2822000009567023
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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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