Debt-to-gdp

brief placeholder

With unemployment at record lows, Hungary’s economy on Europe’s leader board

Sep 01, 2016 - Zoltán Kovács

Prime Minister Orbán’s economic program sets out a number of ambitious goals. It demands fiscal discipline to keep the budget deficit not only under the three-percent Maastricht threshold but low enough to reduce nominal state debt. It calls for GDP growth to increase from the current level between 2 and 3 percent to a more robust output above 3 percent and sets a longer term goal of five percent. And it aims to create jobs to bring the labor market to full employment.

brief placeholder

Here’s why this major credit rating agency is bullish on Hungary and why the others should be too

Jun 01, 2016 - Zoltán Kovács

In recognition of Hungary’s successful efforts to revive its economy, Fitch Ratings upgraded the country to investment grade recently. Although the upgrade came earlier than statistics might suggest, it was no surprise as markets had already priced Hungary’s widely anticipated return to investment grade at multiple credit rating agencies this year. Fitch’s upgrade signals important recognition that Hungary’s reforms are working.