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Feb 05, 2021

Finance Minister: Economic growth will be based on keeping the investment rate high

In European comparison, during the first three quarters of 2020 Hungary was at second place in terms of national economy investment and at first place in terms of state investment.

 

The finance minister said economic growth in the upcoming years will be based on keeping the investment rate high.

Finance Minister Mihály Varga said Hungary’s economy protection measures during the epidemic primarily focused on keeping the rate of national economy and state investments at a high level. Minister Varga told the year opening forum of the Hungarian Chamber of Commerce and Industry that this has given considerable impetus to growth in the past year.

In European comparison, during the first three quarters of 2020 Hungary was at second place in terms of national economy investment and at first place in terms of state investment. The second quarter of this year will be a turning point, with economic growth expected to reach double digits, he added.

Photo credit: MTI