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Hungary
Featured Content
Macroeconomy
Hungary: Fiscal Policy
Hungary Fiscal Policy: EC Dials Up Pressure on Deficit Correction
Hungary Politics: New Constitution Draws Criticism from the EU
Emerging Europe and CIS : Hungary : Emerging Markets : Europe : Macroeconomy : Fiscal Policy :
Eastern Europe: External Accounts
Eastern Europe: Will High Current Account Deficits Return?
Capital Inflows to Emerging Europe: Returning, Albeit Unevenly
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia : Russia, CIS and the Caucasus : Southeast Europe : Europe : Macroeconomy : Capital Flows, FDIs, Capital Controls : Current Account : Trade and External Balance :
Eastern Europe: Public Finances
Growth Dynamics and Political Pressures Test Effectiveness of Fiscal Consolidation Measures
Czech Fiscal Policy: Parliament Passes 2012 Budget
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Macroeconomy : Fiscal Policy :
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Hungary: Economic Profile
Hungary Fiscal Policy: EC Dials Up Pressure on Deficit Correction
Hungary: Government Struggles to Revive Loan Talks
Emerging Europe and CIS : Hungary : Europe : Macroeconomy : Growth Outlook and Business Cycle :
IMF's Role in Central and Eastern Europe
Romania: Protests over Austerity Continue
IMF's Expansive Role in Emerging Europe: A New, More Lenient Organization?
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Serbia : Southeast Europe : Europe : Macroeconomy : Current Financial Crisis : IMF and International Economic Institutions : Systemic Risk, Vulnerabilities and Asset Bubbles :
Euro Adoption Path for EU Newcomers
EU Newcomers' Euro Adoption: Delays Expected Due to Eurozone Debt Crisis
On the Back of Euro Adoption, Estonia Re-elects Coalition Government
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Frontier Markets : Macroeconomy :
EU Newcomers: Monetary Policy
Romania: NBR Cuts Benchmark Interest Rate for Third Time in a Row
Hungary Monetary Policy: MNB Surprises Markets and Keeps Its 7.0% Base Rate on Hold
Emerging Europe and CIS : Hungary : Poland : Romania : Southeast Europe : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
Markets
Finance & Banking
Geostrategy
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Political Risk in Eastern Europe
Poland's Civic Platform Re-Elected: Will Victory Aid Fiscal Consolidation?
Czech Republic Politics: Government Avoids Collapse
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia, CIS and the Caucasus : Southeast Europe : Emerging Markets : Europe : Frontier Markets : Geostrategy : Foreign and Domestic Political Risk :
Key Indicators
Discount Rate (End Of Period)
Percent Per Annum - Hungary
Percent Per Annum - Hungary
5.25, 5.25, 5.25, 5.25, 5.27
5.27
Cpi % Change
Hungary
Hungary
5.3, 4, 3.7, 3.98, 4.2
4.2
Gdp Vol. (2005=100)
Index Number - Hungary
Index Number - Hungary
101.37, 105.09, 90.91, 99.51, 102.36
102.36
BOP
Current account balance, net, EUR - Hungary
Current account balance, net, EUR - Hungary
342.48, 445.65, 344.21, 476.7, 365.88
365.88
International Trade
By Region, Exports, Total, Million Eur - Hungary
By Region, Exports, Total, Million Eur - Hungary
5636, 5721, 6311, 5860, 5705
5,705
Harmonized unemployment rate
Both sexes, All Ages, SA - Hungary
Both sexes, All Ages, SA - Hungary
11.27, 11.17, 11.07, 10.93, 12.1
12.1
data by Factset
Hungary Outlook: Sinking Into Recession
A sharp slowdown in external demand will exacerbate the effects of fiscal austerity measures and tight financial conditions, pushing Hungary back into recession in 2012. Deteriorating growth and the higher cost of funding will test the government’s ability to meet the budget deficit target of 2.5% of GDP in 2012 and shore up investors’ confidence in the wake of the country’s rating downgrade to junk. Hungary’s central bank (MNB) will continue to raise its main policy rate in the coming months to ease financing risks while waiting for the new IMF safety net to be put in place.
Read the latest Hungary Outlook
Economic Research
Europe Weekly
Greek PSI and the ECB; EZ Yield Curves; EZ PMIs; UK Double Dip; Hungarian Monetary Policy; EZ Calendar
By Jan 27, 2012
Europe Weekly
Reassessing the EFSF; Hungarian Politics; Turkish Fiscal Policy; EZ Calendar
By Jan 20, 2012
Europe Weekly
German Slump; French, Finnish Elections; Eastern Europe Monetary Policy; EZ Calendar
By Jan 13, 2012
Europe Weekly
ECB Meeting Preview; Spain’s Crucial Fiscal Consolidation; Hungary Risks; Turkish Monetary Policy; EZ Calendar
By Jan 6, 2012
Europe Weekly
EZ Pitfalls in 2012; Italian GDP; New Spanish Government; Swedish Monetary Policy; Hungarian, Polish Banks; EZ Calendar
By Dec 23, 2011
Europe Weekly
German, Global Central Bank, ECB Moves to Solve EZ Crisis; EZ Yield Curves; Hungarian Monetary Policy; Scandinavian Growth; EZ Calendar
By Dec 2, 2011
Europe Weekly
EZ Crisis Response; Eastern Europe Banks; ECB Monetary Policy; Hungary and the IMF; Belgian Politics; EZ Calendar
By Nov 25, 2011
Europe Weekly
UK’s MPC Meeting; Norway’s Monetary Policy; Portugal’s Budget Plan; Hungary’s Credit Rating; Russia’s Retail Sales; EZ Calendar
By Oct 21, 2011
Europe Weekly
UK QE2; Hungarian Financial Stability Concerns; Swedish Policy Bullets; Swiss Currency Strength; Irish Growth Outlook
By Sep 23, 2011
Global Economic Outlook
Emerging Europe and CIS Outlook Update: Weaker Growth Across the Region
By Sep 16, 2011
Economic Research
Strengths and Vulnerabilities in Emerging Europe: A Balance Sheet Approach
By Aug 19, 2011
Europe Weekly
Inflation Concerns Easing in EZ, Switzerland, UK, Hungary and Czech Republic
By Aug 12, 2011
Europe Weekly
ECB Collateral Holdings; German Dynamics; UK Corporates; Turkish Monetary Policy; Polish Consumption; Hungarian Mortgage Relief
By May 27, 2011
Economic Research
Eastern Europe: Are Higher Commodity Prices a Monetary Policy Game-Changer?
By Mar 21, 2011
Global Economic Outlook
Central Europe Outlook: Externally Driven Growth and Inflation
By Mar 18, 2011
Europe Weekly
Eastern Europe Monetary Policy; Icelandic Policy Rate; Irish Fiscal Challenges
By Mar 18, 2011
Economic Research
Central Europe: December PMIs Point to Strong Growth, Mounting Price Pressures
By Jan 7, 2011
Economic Research
Hungary: Government Ramps Up Offensive Against Central Bank; Whither Rates?
By Dec 17, 2010
Europe Weekly
EZ Current Accounts; Sweden's Hung Parliament Risk; Basel III Impact on German Banks
By Sep 17, 2010
Economic Research
Q3 2010 Geostrategy Note: Nascent Nukes, Portly PIIGS and the Taliban
By Aug 4, 2010
Economic Research
Europe Weekly Spotlight: Germany Peaks; Slovakia Relents; UK House Price Indexes Diverge
By Jul 16, 2010
Economic Research
How to Prevent a Financial Crisis in Hungary That Would Lead to Serious Financial Contagion in Emerging Europe
By Oct 21, 2008
Economic Research
Global Recession Watch: A Dozen Significant Economies are at Risk of a Hard Landing
By Jun 25, 2008
Economic Research
NATO; U.S. Employment; Peru Investment Grade; Hungary Political Turmoil
By Apr 3, 2008
EconoMonitors
Don't Shoot the Messenger
As Hungary's "Correction" Heads For A Dead End, Time For A Change Of Course?
Sep 21, 2009
Daily Digest
Blogs
Young, Wired and Angry: A Revised Portrait of Hungary's Right-Wing Extremists
Spiegel online Feb 03, 2012
News
Hungary budget may be at risk due to Malév collapse
Portfolio.hu (free registration) Feb 03, 2012
News
Hungary forint firms through the roof - Too much maybe? - Portfolio.hu Fund Manager Survey
Portfolio.hu (free registration) Feb 03, 2012
News
Malev Grounds Flights After 66 Years of Operation as Hungary Cuts Losses
Bloomberg Feb 03, 2012
Analysis
Central Europe Outlook 2012: Toward a Two-Speed Europe
Center for European Policy Analysis Feb 01, 2012
Research
The Hungarian economy: a hostage of populism
The Vienna Institute for International Economic Studies Feb 03, 2012
Analysis
Central European Daily: CEE currencies unchanged before US data; CNB cuts growth forecast to 0.0% from 1.2% in 2012
KBC Bank Feb 03, 2012
Analysis
CEE Insights: How did private credits develop in the last two months of 2011?
Erste Bank (free registration required) Feb 03, 2012
News
Hungary Socialists overtake far-right Jobbik in popularity contest - poll
Portfolio.hu (free registration) Feb 02, 2012
Analysis
Central European Daily: Regional PMIs point to diverging tendencies; Polish manufacturing surprisingly grows, while Czech continues to decline
KBC Market Research Desk Feb 02, 2012
Analysis
EMEA Weekly: NBP likely to maintain hawkish rhetoric; Russia’s CPI hits historical low; Strategy Update
Danske Markets Research Feb 02, 2012
News
Picture of Hungary's foreign trade trend remains blurry (2)
Portfolio.hu (free registration) Feb 01, 2012
News
Erste sees no bigger hit by Hungary FX loan scheme than expected
Portfolio.hu (free registration) Feb 01, 2012
News
IMF does not propose Hungary to eliminate transport subsidies - Ivaschenko
Portfolio.hu (free registration) Feb 01, 2012
Blogs
Hungarian Local Government, Erste Bank Clash on Foreign Currency Debt
Wall Street Journal Feb 01, 2012
News
Hungary manufacturing PMI picks up in January, but remains below 50 pts
Portfolio.hu (free registration) Feb 01, 2012
News
Hungary: Industrial Producer Prices– December 2011, First Release
Hungarian Central Statistics Office Jan 31, 2012
News
Hungary: Employment and unemployment, October–December 2011, First Release
Hungarian Central Statistics Office Jan 31, 2012
News
Hungary State Companies Win Mobile Bid as Orban Widens Sway
Bloomberg/ Businessweek Jan 31, 2012
News
Hungary industrial PPI drops 0.5% m/m, rises 7.5% yr/yr in Dec11
Portfolio.hu (free registration) Jan 31, 2012
News
Hungary unemployment picks up to 10.7% in Q4 2011 - stats
Portfolio.hu (free registration) Jan 31, 2012
Analysis
Central European Daily: CE cross rates edged higher as the risk rally slowed; Czechs refused to join the new fiscal pact
KBC Market Research Desk Jan 30, 2012
News
EU spilled the beans? EUR 15 bn credit line may be in the making for Hungary
Portfolio.hu (free registration) Jan 30, 2012
News
EU will not start formal credit talks with Hungary until objected laws are changed
Portfolio.hu (free registration) Jan 30, 2012
News
Hungary could save tens of billions of forints on IMF/EU credit deal - Banai
Portfolio.hu (free registration) Jan 30, 2012
Analysis
Central European Daily: CEE currencies at important crossroads; Hungary tries to reach deal with IMF; Polish rate cuts have been mostly priced out
KBC Research Jan 30, 2012
News
No preconditions for Hungary to start credit talks with IMF/EU - gov't spokesman
Portfolio.hu (free registration) Jan 27, 2012
News
Hungary will need tough fiscal measures this year - GKI
Portfolio.hu (free registration) Jan 27, 2012
Analysis
CEE Fixed Income Insights: How much has Asia become relevant for the CEE manufacturing sector?
Erste Bank Research (free registration) Jan 27, 2012
News
Raiffeisen will earn back losses on Hungarian FX debt fix scheme - CEO Stepic
Portfolio.hu (free registration) Jan 26, 2012
News
IMF sees Hungarian budget shortfall at 4.1% of GDP in 2013
Portfolio.hu (free registration) Jan 26, 2012
News
Hungary sells more debt than planned at auction, yields drop
Portfolio.hu (free registration) Jan 26, 2012
News
Hungary EcoMin Matolcsy sheds light on correlation between flat tax and copulation
Portfolio.hu (free registration) Jan 26, 2012
Blogs
IMF to Hungary: get some insurance, it’s a dangerous world
Financial Times, Beyond Brics Jan 26, 2012
Analysis
Central European Daily: Fed’s dovish decision supports regional currencies; Czechs will lend EUR 1.5bn to IMF
KBC Bank Jan 26, 2012
Analysis
EMEA Weekly: Wind beneath its wings, EMEA ship opens its sails; EMEA FX: Where to put your money; Czech and Romanian central banks taking the stage next week
Danske Markets Research Jan 26, 2012
News
CEE Fixed Income Daily: Romania- Election Decision; Hungary- IMF Report published; Turkey- Capacity Utilization; Czech Central Bank
Erste Bank (free registration required) Jan 26, 2012
News
Hungary retail sales rise 1.1% yr/yr in Nov, the most in over a year
Portfolio.hu (free registration) Jan 25, 2012
News
Hungary Orbán sticks to c.bank oath, salary cap, says will join EU fiscal pact
Portfolio.hu (free registration) Jan 25, 2012
News
IMF publishes highly critical Staff Report on Hungary
Portfolio.hu (free registration) Jan 25, 2012
Analysis
Hungary: Staff Report for the 2011 Article IV Consultation and Second Post-Program Monitoring Discussions
IMF Jan 25, 2012
Analysis
IMF Executive Board Concludes Article IV Consultation and Second Post-Program Monitoring Discussions with Hungary
IMF Jan 25, 2012
News
Hungary ready to consult on all issues with Brussels, upbeat on quick IMF deal - Orbán
Portfolio.hu (free registration) Jan 25, 2012
News
IMF Warns Hungary of Potential Debt-Repayment Risk If Euro Crisis Worsens
Bloomberg Jan 25, 2012
News
EU finance ministers open the way to freezing EU funds for Hungary
Portfolio.hu (free registration) Jan 24, 2012
Blogs
EBRD: forecast cut amid warnings over bank deleveraging and eurozone crisis
Financial Times Jan 24, 2012
News
Hungary - Press release on the Monetary Council meeting of 24 January 2012
MAGYAR NEMZETI BANK (Hungarian Central Bank) Jan 24, 2012
News
Hungary Unexpectedly Holds EU’s Highest Benchmark Rate as Forint Recovers
Bloomberg Jan 24, 2012
Analysis
CEE Fixed Income Daily: Romania - fixed income remained immune to protests; Hungary - Orban meets Barroso; 50bps rate hike expected;
Erste Bank Research (free registration) Jan 24, 2012
Analysis
Hungary - CB unexpectedly left the base rate at 7%
Erste Bank Research (free registration) Jan 24, 2012
Analysis
Regional Economic Prospects in EBRD Countries of Operations: January 2012
EBRD Jan 24, 2012
Analysis
The fall of GKI-Erste economic sentiment continued this year as well
GKI Economic Research Jan 22, 2012
News
Hungary posts gigantic budget deficit in Dec11 due to several one-offs
Portfolio.hu (free registration) Jan 23, 2012
Analysis
Central European Daily: CEE currencies posted solid gains over the recent week; NBH should continue to defend forint with 50 bps hike
KBC Research Jan 23, 2012
News
Hungary’s premier backs down further in EU dispute over new laws about central bank
The Washington Post/ Bloomberg Jan 20, 2012
Analysis
CEE Weekly: Poland- Strong issuance; Hungary- Some signs of relief; Czech Republic- Strength of the economy;Turkey- How long will revived carry trades lend support?; Russia: Outlook down to stable; Romania: Large debt issued
Raiffeisen Research Jan 20, 2012
News
Hungary needs to take measures to recieve IMF/EU assistance - Fellegi
Portfolio.hu (free registration) Jan 20, 2012
Analysis
Central European Daily: IMF wants to see agreement between Hungary and EU first; Hungary and Poland easily sold short-term government papers
KBC Market Research Desk Jan 20, 2012
Analysis
Emerging Markets Briefer: Surprisingly sunny dawn of 2012 – let’s see if it continues
Danske Markets Research Jan 20, 2012
RESEARCH AND STRATEGY FIXTURES
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Where We Are and Whither We Are Tending
“We expect two interest rate cuts in 2012, against consensus expectations that the PBoC will be on hold for the entire year. ”
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Feb 01, 2012
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Jan 11, 2012
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