Hungary: Despite overall economic fragility, some sectors have retained strengh

The Hungarian economy has exited recession in the first half of 2013 but real GDP growth will remain subdued in 2013-2014 Corporate outlook remains weak and fragile, with export-oriented sectors globally in a better shape In the automotive sector high growth is projected for 2014-2015, with investments by Audi and Mercedes to increase their local production.

The Hungarian chemical production is likely to cash in on the recovery of one of its main sectorial customers, automotive, over 2014 more than 2013 Hungary has strong capabilities in the ICT sector for building consumer electronics goods and IT hardware