In Hungary we focus on:
select areas where transition gaps remain and where the Bank can be additional, including in the efforts to overcome the impact of Covid-19.
developing capital markets and on opportunities to deploy equity and innovative investment products, and where appropriate seek to address inclusion and governance issues.
supporting projects in the areas of resource and energy efficiency, decarbonisation and renewable energy. The Bank will continue to pursue cooperation with the
authorities, including with the Ministry of Innovation & Technology on energy efficiency and the National Bank on green bonds and other green financial products.
Current EBRD forecast for Hungary’s real GDP growth in 2023: -0.2%
Current EBRD forecast for Hungary’s real GDP growth in 2024: 2.8%
Following GDP growth of 4.6 per cent in 2022, economic activity shrank by 1.7 per cent year on year during the first half of 2023. The previous year’s strong household consumption was largely fuelled by pre-election fiscal expansion and measures to contain inflation. The base effect relating to these measures, combined with increased energy and food prices, caused inflation to accelerate, suppressing households’ purchasing power since late 2022.