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The Hungarian economy: a hostage of populism

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  • Sandor Richter

    () (The Vienna Institute for International Economic Studies, wiiw)

Abstract

Once the model economy of transition, Hungary has been struggling with much higher public and private debt and a significantly worse growth performance than its peers in the region. A deteriorating exchange rate, increasing yields on government securities and soaring CDS spreads have recently forced the Hungarian government to seek financial assistance from the IMF and the European Union. This research note has the intention to discuss the current problems of the Hungarian economy from a historical perspective.

Suggested Citation

  • Sandor Richter, 2012. "The Hungarian economy: a hostage of populism," wiiw Research Notes 1, The Vienna Institute for International Economic Studies, wiiw.
  • Handle: RePEc:wii:rnotes:rn:1
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    Keywords

    Hungary; transition and reforms; economic situation; economic policy; populism;

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