Hungarian economy set for growth turnaround from April

According to the December 2022 forecast of the SZIGMA LEAD indicator, the Hungarian economy’s growth rate will still be below the historical trend until the end of the short-term (9-month) forecast horizon but is expected to turn around from April 2023.

Jan 30, 2023

Overall, an unfavourable economic environment (inflationary effects, high interest rates, high energy prices, etc.) is expected to persist in 2023, which could significantly dampen domestic demand as well as business growth and expansion.

In an environment of higher interest rates and higher inflation, the trend towards a preference for premium Hungarian government bonds with above-inflation yields over those with fixed yields (MÁP+) continued.

In November, the average gross monthly wage in the national economy was HUF 563,600, up 16.8% compared to the same period last year.

The full report can be downloaded here:

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Hungarian economy set for growth turnaround from April

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