A comparatively advanced economy within the 'BBB' category, with well diversified economic and export structures Rising exports and investment support solid GDP growth potential, but this growth will be restricted by fiscal consolidation efforts over the coming years Very high fiscal deficits and high and rising public debt levels High and persistent current account deficits These twin deficits leave the exchange rate vulnerable and undermine macroeconomic stability The ratings on the Republic of Hungary reflect its comparatively advanced and well-diversified economic and export structures, as well as solid medium-term growth potential, supported by export and investment growth, although this will be restricted by ongoing fiscal consolidation efforts. The ratings remain constrained by the desolate state of Hungary's public finances, as
