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Minister Varga said the economy was also expected to perform well in the second half of the year. He added that the economy has not lost momentum and that the Q2 growth rate had exceeded the ministry’s expectations.
KSH said the output of the building segment benefited from the construction of homes, schools and cultural buildings, as well as industrial facilities. In civil engineering, construction of highways and railways supported the rise
Ágnes Hornung, minister of state for Financial Affairs at the Ministry for National Economy, said that based on early figures GDP growth in 2017 was close to 4.1 percent, which will accelerate to 4.3 percent in 2018
Hungary’s economic turnaround is gaining steam. Official data from the fourth quarter shows GDP growth will reach 4.1 percent in 2017, and the unemployment rate has fallen to 3.8 percent, Minister for National Economy Mihály Varga said recently.
Official data from the fourth quarter shows a GDP growth rate of 4.1 percent in 2017. This figure is well above the EU average, and that signals that Hungary’s economic convergence has continued, Hungary's economy minister said
Hungary’s economy hit the ground running this year. The major indicators are trending positive and international investors have taken note. Signs of a strong recovery, however, do not mean we can rest. Instead, said Prime Minister Orbán, it means that it’s time to dream big.