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The Emerging Markets Handbook: An analysis of the investment potential in 18 key emerging market economies by Pran Tiku

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Chapter 13: Hungary

Overview

With the collapse of the Soviet Union, Hungary had a difficult few years in the early 1990s with its transition to a free market economy. The economy started to turn around from 1995 with an aggressive privatisation programme and Hungary joined the EU in 2004. Hungary clocked average annual GDP growth of 4% during the period from 2000 to 2007, before the 2008 recession put the brakes on its economic success. According to EIU estimates average annual growth of 2.3% is forecast for 2014 to 2017 as domestic demand recovers gradually.

After falling in 2013, the forint is projected to stabilise and then appreciate gradually against the euro, starting in 2014. It will, however, remain subject to volatility. The EIU ...

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