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The prospering economy has boosted employment and reduced unemployment to historical low levels. The risk of overheating is increasing with double digit growth in wages and higher consumer price inflation, although it remains within the central bank’s tolerance band.
The COVID-19 pandemic interrupted the strong economic growth performance in 2016-19, which entailed large increases in employment and real incomes, and the lowest unemployment rate in thirty years. The swift vaccination rollout allows a faster recovery from the pandemic from mid-2021 onwards.
This 1999 edition of OECD's periodic review of Hungary's economy examines recent economic developments, policies and prospects. It includes special features on structural reform and on the health care system.
OECD's periodic survey of Hungary's economy. This 2010 edition includes chapters covering restoring sustainable growth, sustaining fiscal reform, enhancing financial stability through better regulation, and raising education's contribution to growth.
This 1997 edition of OECD's periodic review of Hungary's economy examines recent economic developments, policies and prospects. It includes special features on privatisation, trade policy and the labour market.
This 2016 OECD Economic Survey of the Hungary examines recent economic developments, policies and prospects. The special chapters cover: Bolstering business investment and Enhancing skills for the labour market.
OECD's economic survey of Hungary 2007 assesses the government’s programme to cut the deficit and reform public spending. It also takes an in-depth look at family policies such as childcare provision and parental leave.
After a strong demand-based recovery following the COVID-19 pandemic, economic activity declined amid high inflation. Growth has restarted in mid-2023 and inflation is receding, but fiscal and monetary policies need to work hand-in-hand to fight remaining inflationary pressures and recreate fiscal space to finance future spending needs.
This 2005 edition of OECD's periodic review of Hungary's economy examines what Hungary must do to maintain its fast pace of growth and to smooth its entry into the euro area. It also looks at policies to improve the health care system and to raise ...
OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes a special chapter on the labour market.