What Hungary did not face in the converting to a free market?

Answer 1

Hungary did not face the extreme levels of hyperinflation that plagued some other post-Soviet states during its transition to a free market. The country implemented a series of economic reforms, including the establishment of a stable currency and the introduction of foreign investment, which helped mitigate severe economic instability. Additionally, Hungary benefited from early integration into European markets, which facilitated trade and investment. This relatively smooth transition allowed Hungary to experience significant economic growth compared to some of its neighbors.