The last years of economic policy
Strongly hit by the financial crisis of 2008, Hungary has been since plunged into a deep economic slowdown. The unemployment rate is at about 11 % in 2012 and public finances are in decline. Owing to its openness, the country is very dependent on the economic situation of its EU trade partners.
Main economic indicators for Hungary
| 2011 | 2012 | 2013 | 2014 (f) | |
| GDP growth (%) | 1.6 | -1.7 | 1.1 | 2.3 |
| Inflation (yearly average) (%) | 3.9 | 5.7 | 1.7 | 0.5 |
| Budget balance (% GDP) | 4.2 | -2.2 | -2.3 | -2.9 |
| Current account balance (% GDP) | 0.9 | 1.1 | 3.0 | 1.7 |
| Public debt (% GDP) | 80 | 79 | 79 | 81 |
(f) Forecast
Source: Coface.com
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