OECD Economic Outlook, Volume 2012 Issue 2
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country and an extensive statistical annex.
Hungary
Hungary fell back into recession in 2012, but real GDP is projected to expand from mid-2013. Headline inflation accelerated sharply owing to higher fuel and food prices, and hikes in indirect taxes. Inflation expectations have risen above 6%, calling into question the credibility of the inflation target.