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2017 OECD Economic Outlook, Volume 2017 Issue 2

image of OECD Economic Outlook, Volume 2017 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, a special chapter on resilience in a time of high debt, a chapter summarising developments and providing projections for each individual country and a statistical annex.

 

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Hungary

The recent strong economic performance is projected to continue into 2018, before softening somewhat in 2019. Investment remains a main driver with the resumed disbursement of EU structural funds and domestic and foreign firms responding to capacity constraints. Solid private consumption growth will be underpinned by continued strong real wage and employment increases. However, rising inflation is expected to harm cost competitiveness and increasingly constrain exports.

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