Hungary at a Crossroads: Economic Turmoil, Internal Dissent and the Rise of Péter Magyar – QUICK TAKE

As Prime Minister Viktor Orbán faces growing pressure from within his government and an emerging opposition, Hungary grapples with financial crises and political scandals

2 October 2024

Hungary is on the brink of political and economic turmoil, with Orbán facing growing internal discord and the rise of opposition leader Péter Magyar, signalling a potential shift in power.

Orbán’s vision of ‘economic neutrality’ faces criticism for being out of touch with Hungary’s deep ties to the EU and global markets.

Hungary is currently navigating a period of intense political and economic turbulence, as Prime Minister Viktor Orbán faces mounting pressure both domestically and internationally.

While Orbán has solidified his rule over the last decade, recent developments suggest cracks in his government and potential challenges to his once unassailable dominance. This article explores Hungary’s current economic struggles, internal political discord and the rise of Péter Magyar as a formidable opposition figure.

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Luca Soltesz

Luca is from Hungary, but has lived in Denmark, Belgium and the Netherlands before returning to her home country. She just finished Political Science in Amsterdam, where her thesis focused on party politics and party funding. She is interested in regional politics, and is writing about Hungary and the Western Balkans at Visegrad Insight.

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