Emerging markets economists at the London analytics division of Morgan Stanley’s international financial services group, indicated in their latest forecast in June 2020, that Hungary will be one of the emerging economies in Europe, where the GDP values will reach the pre-COVID levels recorded by Hungary, by the end of 2021.
Despite the expected GDP decline this year as a direct result of the coronavirus epidemic, the company’s forecast, expects Hungary’s gross domestic product to rebound and grow by 4.6% next year – 2021.
In 2013 and in 2018, the emerging markets analysts at Morgan Stanley had also predicted excellent economic growth prospects for Hungary, projecting higher than expected GDP growth which lead to the Company upgrading their previous growth estimates for Hungary.
Hungary has shown excellent growth over the last decade and during this period, has stood out as comfortably outperforming many other Eurozone countries in GDP growth rate performances.