More or less the same results, socialist rule in Hungary collapsed along with the rest of the Warsaw Pact. Human rights and open markets sound nice, but there were too many perverse incentives at play to make the socialist economies work.
Command economies couldn't really make the transition from extensive growth to intensive growth that a normal developed economies did. The state planners could produce growth by adding more inputs (building more factories, moving excess laborers from subsistence agriculture to the conventional economy, etc.), but they were horrible at increasing the productivity of existing industries, or doing more with less in terms of natural resource inputs. This type of economy could only measure growth in terms of quantity, but not quality.
Individual enterprises had an incentive to under-report their production capacity because that would make the targets easier to fulfill for the next plan. There was no market mechanism or prices to disincentive the hoarding of natural resource inputs either.
Khrushchev's virgin lands campaign were a perfect example of this. Instead of increasing the productivity of the land that was already under cultivation, Khrushchev just tried to expand agricultural production by cultivating more land with the same levels of technology. By the 1960s, the USSR had to import grain from the West to feed itself.