Hungary HU

Currency: HUF. Central bank: Magyar Nemzeti Bank. HUF/USD: 0.0030.

Macro read

Consolidated decision read: what to monitor, why it matters, and where the data is still thin.

Regime scenario

Medium risk

Soft landing

Growth slowing below trend with inflation at or below target.

Growth Slowing 3.6 · Inflation On target 6.0 · weakest: Monetary 3.0, Fiscal 3.2

What to monitor: Review stress drivers and recent releases before increasing macro confidence.

growth momentuminflation trendcentral bank stance

Where data is thin

IndicatorsHungary Composite leading indicator

Macro regime

Six dimensions, scored from 0 to 10. Radar shows the overall shape; cards show trend and label per dimension.

Growth

3.6Worsening

slowing

Inflation

6.0Improving

on target

Labor

7.1Stable

tight

Monetary

3.0Improving

restrictive

External

4.4Stable

balanced

Fiscal

3.2Stable

expansive

Key indicators

Cross-country comparable indicators with 5-year micro history. Latest bar in gold; missing indicators render with a baseline.

Hungary GDP YoY

1.46%

Hungary CPI YoY (national, KSH)

2.00%

Hungary Unemployment rate

4.60%

MNB base rate

5.50%

Hungary 10y government bond yield

5.46%

Hungary Current account % GDP

-0.83% of GDP

Hungary general government debt % GDP (Maastricht, quarterly)

75.60% of GDP

Hungary general government balance % GDP (4 quarters)

-6.38% of GDP

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