Central bank deputy governor Barnabás Virág has said Hungary’s economy is robust, with first-quarter growth estimated at over 8 percent, which could put full-year growth at around 4 percent. He told a conference organized by Világgazdaság that while the tight monetary policy remains, it is moving from an “aggressive” phase to something more “gradual”. Consumer price inflation may peak in the third quarter and average annual inflation was likely to be “around 9-10 percent” this year.
Photo credit: MTI