Hungary: Q3 growth stumble not huge cause for concern
Despite the disappointing Q3 GDP figures, we still think that Hungary’s economic outlook has fundamentally improved since Tisza’s election victory in April. We expect growth to strengthen to 2.5% next year. But fiscal tightening and lingering weakness in the construction sector will prevent the economy from firing on all cylinders and achieving the growth rates of 3% that some hope for.
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