News in Brief
NBH Dep Gov: Hungary’s economy is robust
Hungary’s economy is robust, with first-quarter growth estimated at over 8%, which could put full-year growth at around 4%.
Economic Growth
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Finance Ministry: Next four years to see high growth
The next four years are expected to see high growth coupled with a gradual tapering in public debt and budget deficit levels.
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Eurostat: Hungary overtakes Portugal in GDP ranking
Hungary is catching up with the EU average for GDP in terms of purchasing power parity, with the greatest progress achieved in the current cycle, based on data published by...
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Hungary’s economy grew by an annual 7.1% in 2021
KSH said Hungary’s economy grew by an annual 7.1 percent in the fourth quarter, bringing full-year growth to 7.1 percent.
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Hungarian economic output grew by an annual 7.1% in 2021
KSH said Hungarian economic output grew by an annual 7.2 percent in the fourth quarter, bringing full-year growth to 7.1 percent.
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World Bank: Hungary’s economy to grow by 5% this year
In its biannual Global Economic Prospects report, the World Bank expects growth to slow to 4.3 percent in 2023.
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Finance Minister: Government is running a tight budget
Minister Varga said it would not be necessary to cut spending any further than measures already taken, with HUF 755 billion already lopped off expenditures.
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PM Orbán highlights main issues for 2022
Economic stimulus, protection against the pandemic and a national referendum on the new child protection law are the main issues for 2022.
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Finance Minister: Hungary’s economy expected to grow by 6.0-6.5% this year
Early in November, the Finance Ministry lowered its projection for GDP growth this year to 6.8 percent.
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Hungary's growth expected above 5% in 2022
Hungary’s economy was one of the fastest to recover from the fallout of the coronavirus pandemic.
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FM: Hungary’s economic output has returned to pre-pandemic levels
While the Hungarian economy needed five years to recover from the global financial crisis, this time it only needed a year and a half.
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KSH: Hungary’s economy grew by an annual 6.1% in Q3
Finance Minister Mihály Varga welcomed the growth figure, saying it indicated the economy was on a dynamic growth path.
News in Brief
EC raises projection for Hungary's GDP growth to 7.4%
The European Commission has raised its projection for GDP growth in Hungary this year from 6.3 to 7.4 percent.