Hungary is one of the most mature countries in the transition to a market-based economy among Eastern European countries. Thanks to the results of the reform, Hungary was experiencing an average 4.5% economic growth since the late 1990s. It seemed that Hungarian high development would be continued. However, these days Hungary has revealed several vulnerabilities that moldiness be solved in terms of society, politics, and the economy.
An advisor to the pay Minister would suggest to stimulate Hungarys economy, as soundly as to make Hungarys governance finance healthier. in that respectfore, the binding priority is on economy, especially the financial sector. In addition, national and international political stability atomic number 18 also really important factors in the countrys economy, so I will cover political sector a little. health and education, and environment, of course, are important parts when it comes to economic growth as well. However, I will leave that out of the discussion because I think it is not an urgent matter in equality with economic and political sector. As mentioned above, Hungary shows several weaknesses in their economy. There are two major problems in the Hungarian economy. First, Hungary has had troubles in managing their fiscal situation.
Second, Hungarys domestic demand and wareion are weakening.
Hungarys credit rating has been downgraded by S& ampere;P, Moodys, and Fitch to fling. One of the biggest reasons why credit-rating agencies gave Hungary a junk credit rating is that the financial soundness of Hungary has been weakening. Hungarys command government debt is currently 75.5 percent of gross domestic product (GDP), which is the most severe level among Eastern European countries. Although there are many side-effects of government debt, Hungarys high government debt has a negative impact especially on exotic direct investment. This is because the downgrade of Hungarys credit ratings resulted...If you want to formulate a full essay, order it on our website: Orderessay
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