Economy

Hungary: reforms to raise productivity would strengthen recovery from COVID-19, says OECD

Hungary’s economy is emerging from the crisis caused by COVID-19, yet sustaining the country’s robust pre-pandemic levels of growth will require reforms to foster productivity and job creation, according to a new OECD report.

The impact of COVID-19 on SME financing - A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard

Further reforms will promote a stronger and more inclusive Hungarian economy

The Hungarian economy is in the midst of a strong recovery, driven by high levels of employment that are boosting wages, consumer confidence and domestic demand. Policy should aim to prolong the economic expansion, ensure that growth is greener and that the benefits are shared amongst all Hungarians, according to a new report from the OECD.

Launch of the 2016 Economic Survey of Hungary

It is a great pleasure for me to be in Budapest on a doubly important occasion. We are presenting the 2016 Economic Survey of Hungary, but also celebrating the 20th anniversary of Hungary’s accession to the OECD.

Hungarian economy expanding but reforms needed to boost skills, business investment and incomes

The Hungarian economy has expanded strongly in recent years, helped by robust exports and firm domestic demand. But incomes are among the lowest in the OECD and structural reforms will be needed to sustain growth over the medium term, strengthen business investment and better match skills to labour market needs, according to a new OECD report.

Economic Survey of Hungary 2016

Hungarian economy expanding but reforms needed to boost skills, business investment and incomes

Going for growth 2015 - Hungary

This country note from Going for Growth 2015 for Hungary identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.

Enhancing competition and the business environment in Hungary

Over the past decade, the growth potential of the Hungarian economy has declined substantially. Trend productivity has ceased to increase, and investment has fallen to historically low levels.

Tackling labour mismatches and promoting mobility in Hungary

Significant labour market mismatches and insufficient mobility penalise employment and productivity. Mismatches have above all a skills dimension, with an excess of low-skilled workers and a possible lack of skilled workers in certain domains.

OECD Central Government Debt Statistics 2012