News in Brief
Hungary’s 2017 deficit-to-GDP beats expectations
Hungary’s deficit-to-GDP beat previous government expectations of 2.4 percent dropping to 2.0 percent.
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GDP growth + stability and fiscal responsibility = Hungary’s economy recovery
In the third quarter, Hungary’s GDP grew by 3.9 percent (4.1, if adjusted for seasonal and calendar effects), beating expectations and the EU average, which came in at 2.5 percent....
News in Brief
Hungary’s cash flow-based budget deficit reaches 2.69 billion euros in July
The economy ministry said the state of government finances is “stable” and the deficit target of 2.4 percent of GDP, calculated according to EU accounting rules, “can be safely achieved”
News in Brief
Hungary’s budget deficit hit 2.65 billion euros in July
Hungary's cash flow-based budget, excluding local councils, ran an 816.8 billion HUF deficit at the end of July
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Upbeat economic outlook, says PM Orbán, “encourages us to dream big and not lay back”
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.
News in Brief
European Commission raises Hungary's GDP growth forecast
The EC revealed the findings in its 2017 winter economic forecast, an upward revision from the 2.6 percent growth predicted in its earlier autumn forecast in November
News in Brief
Hungary's GDP is set to grow by 4.1 percent next year
The National Bank of Hungary (MNB) has also upped its 2017 GDP growth forecast in its fresh Inflation Report
News in Brief
OECD predicts Hungary's GDP will grow by 2.5 percent next year
The OECD improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent
News in Brief
Hungary on course to achieve deficit target of 1.7 percent of GDP
"The modified EU-based deficit target of 1.7 percent looks realistic even reckoning with a run-up in spending related to EU projects in the rest of the year," the Ministry for National Economy has said