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Populist Magic Fades in Economy of Europe’s Big Trump Fan

  • Hungarian prime minister’s economic vision is playing out
  • Ratings agencies approve as country’s competitiveness erodes
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Populism Takes Over the World

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As the self-proclaimed “black sheep” of Europe, Viktor Orban is on a roll, at least politically.

Orban says his hard line on immigration and challenge to the European Union status quo were vindicated by the victories of President-elect Donald Trump in the U.S. and the Brexit vote in the U.K. At home, the ruling party’s dominance makes him the overwhelming favorite in the next election.