EME Macro/Strategy: Hungary – heading into a brighter 2024E
The economy has climbed out of the recession this year, on the back of a modest 0.6% expansion in the first three quarters, which fell short of the MNB’s expectations, but was a slightly better outcome, versus our bleak forecast of a 1% contraction. That said, the outlook for next year is brighter, with a backdrop more conducive for consumption, and further monetary easing allowed by receding inflation. Hence, we see growth picking up to 2.6% next year, with some downside risks arising from stagnancy in the Eurozone and/or if the Fed and the ECB end up cutting less than we expect.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.