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Hungary at lowest, Argentina at highest risk of overheating

Hungary is at the lowest risk of overheating among 27 emerging countries from Brazil to Malaysia, according to the ranking of daily The Economist published on Friday.

The analysis determines each economy’s risk of overheating using six different indicators such as inflation, GDP growth, unemployment, credit growth, real interest rates and change in current-account balance. While Argentina is red-hot on all six measures and, as such, leads the list with an index reaching up to 100, Hungary’s index is only about 8 and holds the lowest risk of overheating.

While Hungary is in the low risk category with countries like the Czech Republic or South Africa, China and Singapore in the section of moderate risk, Hong Kong and India have a high risk of overheating, The Economist said.