Is Orbánomics to blame for Hungary’s economic woes?

The economic policy mix of the outgoing government of Viktor Orbán can partly explain the underperformance of Hungary’s economy over the past few years. And the change of government and the prospect of renewed EU fund inflows have materially improved the economic outlook. But there are other factors that have dragged on growth, some of which will unwind, but others – including competitiveness issues and the need for fiscal tightening – will make it hard for Tisza to achieve the  3-4% GDP growth rates that the party is aiming for.