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Hungary’s economy hasn’t had the best run lately, to say the least. Growth slipped from 4–5% pre-2020 to near stagnation, with a recession in 2023. Inflation shot past 20%, highest in the EU, while real wages fell and retail sales dropped over 7%. The forint kept weakening, even pushing past 400 per euro. Billions in EU funds are still frozen, investment slowed, and countries like Romania, Poland, and Lithuania, once far behind, have now moved ahead. #geopolitics #hungary #politics #europeanunio
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