SCENARIOS OF ECONOMIC AND REGIONAL DEVELOPMENT IN EUROPE

Abstract

In spite of a GDP that has been growing relatively more modestly than previously, EUROSTAT figures on Hungary show an extremely fast convergence at the national level, and, consequently, at the regional level as well. One cause of the dynamic convergence is the extreme slow-down of the economic growth of the whole of the EU, compared to which even a modest Hungarian increase represents convergence. On the basis of those indicators, all Hungarian regions – and to no small extent – have caught up on the whole with the EU average for in the entirety of the period between 1995 and 2001. The paper presents the sectoral and regional characteristics of the convergence process of the regions in Hungary.