During the great summer drought, the economy nearly came to a standstill, with industry driving growth.

The Hungarian economy showed weaker performance in Q3 2026, with GDP growth at 1.5% year-on-year and only 0.1% quarter-on-quarter. The industrial sector contributed positively, while agriculture hindered growth. Analysts express concerns about the impact of poor agricultural performance on future growth, with predictions for 2027 GDP growth adjusted to around 2.2%. High energy prices and a challenging investment environment are also noted as factors affecting economic performance. Despite the disappointing figures, the economy has been expanding for five consecutive quarters, with consumption remaining a key driver. Analysts remain cautious about future growth prospects due to ongoing global risks and domestic challenges.