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Significance
The pandemic has strengthened Prime Minister Viktor Orban’s position in the short term. However, the government has done little on the economic front; a conservative stimulus package raises doubts that a lasting downturn can be averted and is driving medium-term risks to ruling Fidesz’s position.
Impacts
Tensions within the European People’s Party over Fidesz will deepen, but probably not lead to the party’s exclusion.
China’s soft power will be boosted as its role in combating the virus is contrasted with Western indecisiveness.
Large multinational manufacturing and services firms could penetrate the economy further but may not be able to drive a quick rebound.
Keywords:
Hungary,
EUR,
EU,
economy,
industry,
politics,
social,
government,
growth,
health,
opposition,
party,
corporate,
emergency,
employment,
exchange rate,
fiscal,
investment,
judicial,
legislation,
media,
monetary,
poverty,
regional
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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