its Economic Outlook 2016, a study on economic trends worldwide, the Organization for Economic Growth and Development (OECD) prognosticates that growth momentum will remain unbroken in Hungary: GDP is forecast to increase by 1.7 percent in 2016, 2.5 percent in 2017 and 2.2 percent in 2018. The report states that the main growth engines will continue to be wage hikes and consumption growth, but employment growth and development projects financed by EU cohesion funds will be also be key to future progress. The OECD points out that Hungary’s economic manouvering room has expanded, mainly as the costs of servicing state debt have fallen by 1 percent of GDP compared to 2013.

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(Ministry for National Economy)