Without a plan
Economic development and economic policy in Hungary
Deutsche Fassung
Abstract
A decade ago, Hungary’s domestic economy was mired in deep crisis. The country was on the brink of insolvency. However, the gross national product has been growing for years, and other indicators are also showing a positive development. However, the comparison with Poland and the Czech Republic shows, that Hungary is mainly benefiting from the strong development in the global economy. The country is also profiting from EU funding. At the same time, structural weaknesses have not been overcome and state debt remains high, making the country susceptible to crises. The unpredictable nature of the government is damaging the investment climate, and Hungary is becoming less competitive.
(Osteuropa 3-5/2018, pp. 253–272)