Hungary Sharply Cuts Growth Forecast as Pre-Election Woes Mount

The Hungarian government has significantly lowered its economic growth forecast, highlighting the growing economic challenges facing Prime Minister Viktor Orban ahead of the upcoming elections. The reduced forecast reflects the country's mounting economic woes, which could pose a threat to Orban's political dominance. The article notes that the economic slowdown comes at a crucial time, as Orban prepares for what is expected to be the most challenging election since his return to power. The revision of the growth forecast suggests that the government is grappling with a range of economic issues, including inflationary pressures and potential headwinds from the ongoing COVID-19 pandemic. The article provides a snapshot of the economic landscape in Hungary, underscoring the political implications of the country's economic performance ahead of the upcoming elections. It highlights the delicate balance Orban's government must strike between maintaining economic stability and securing political support.