Private consumption, supported by real wage growth, will be the main engine of growth, especially in 2025, the OECD said.

It sees private consumption growing 5.4pc in 2025.

Investments are set to fall by 3.0pc in 2025, then grow by 5.4pc in 2026, according to the forecast.

CPI is seen rising to 4.9pc in 2025, before falling to 3.6pc in 2026.

The forecast puts the general government deficit, relative to GDP, at 4.2pc in 2025 and 4.0pc in 2026.

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all the key narratives within the media landscape.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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