Hungary overview

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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.

The EBRD’s latest strategy for Hungary was adopted on 10 March 2021

Hungary's policy response to the coronavirus crisis

The EBRD is monitoring Hungary's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

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Current EBRD forecast for Hungary’s real GDP growth in 2022: 3.5%

Current EBRD forecast for Hungary’s real GDP growth in 2023: 4.5%

In the first half of 2021, the Hungarian GDP increased by an impressive 7.6 per cent, year-on-year, backed by strong investment and high government spending. In the second quarter alone, private investment jumped by 13 per cent, year-on-year, following the previous four consecutive quarters of decline. The lifting of most anti-epidemic restrictions in the second quarter of 2021 brought some recovery in the tourism sector, which added to the increased households’ consumption.
The latter is expected to strengthen further, when households’ disposable incomes will be boosted by a strong, 20 per cent, minimum wage hike and personal income tax rebate, both scheduled for 2022.


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