Hungary

Hungary

Hungary is a landlocked country in Central Europe. Its capital, Budapest, is bisected by the Danube River. Its cityscape is studded with architectural landmarks from Buda’s medieval Castle Hill and grand neoclassical buildings along Pest’s Andrássy Avenue to the 19th-century Chain Bridge. Turkish and Roman influence on Hungarian culture includes the popularity of mineral spas, including at thermal Lake Héví.  2017 is shaping up to be a spectacular year for the Hungarian economy as it is being supported by ambitious pro-cyclical policies and a resumption of EU investment funding. All evidence suggests that growth in Q2 remained robust. In May, both industrial production and retail sales expanded solidly and unemployment declined again. The external sector also performed robustly in the same month, hinting that the economic upturn is broad-based. Adding to the mounting good news, survey-based data reached all-time highs at the start of the third quarter, underscoring the strength of the country’s economic fundamentals.

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