OECD Insights: Will GDP Grow in Hungary this Year or 2027?
- 4 Jun 2026 8:31 AM
The OECD forecasts Hungary's GDP growth will accelerate to 1.6pc in 2026 and 2.0pc in 2027 in its latest Economic Outlook published on Wednesday.
"A stronger than expected energy shock may deteriorate growth and fiscal prospects, but progress in the discussions around blocked EU funds may boost confidence and lift investment," the OECD said in the report.
In spite of strong nominal wage growth and personal income tax cuts, the OECD sees private consumption growth slowing in the second half of 2026, amid the energy price shock and the expected phasing out of motor fuel price caps, before rebounding in 2027.
Investment is expected to recover — growing 1.1pc in 2026 and 3.7pc in 2027 — after dropping by 16pc over 2022-2025, while exports will be hampered by sluggish growth in the euro area in 2026 before picking up in 2027, the report shows.
Photo: OECD
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