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OECD Economic Surveys: Hungary 2016

image of OECD Economic Surveys: Hungary 2016

This 2016 OECD Economic Survey of the Hungary examines recent economic developments, policies and prospects. The special chapters cover: Bolstering business investment and Enhancing skills for the labour market.

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Executive summary

Macroeconomic imbalances are being corrected with the public debt-to-GDP ratio falling and the current account moving to a surplus. Financial vulnerabilities have been reduced, but non-performing loans still hamper bank lending. Growth has been strong since 2012. However, income levels are still well below those in more advanced economies and as economic slack disappears, sustaining growth will require structural reforms to strengthen the business sector and upgrade skills.

English

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