News in Brief
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.
Economic Growth
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News in Brief
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.
News in Brief
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.
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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.
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Finance Ministry lowers GDP growth projection to 6.8%
Hungary is one of just ten countries in the European Union whose economies have recovered to pre-pandemic levels.
News in Brief
EBRD raises forecast for Hungary’s 2021 GDP growth to 7.7%
The forecast was raised from 5.5 percent in the previous report, published in June.
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IMF: Hungarian economy expected to grow at third fastest rate in EU this year
According to the IMF forecast, Hungary’s economy will grow by 5.1 percent in 2022 and by 3.8 percent in 2023.
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IMF raises its forecast for 2021 GDP growth in Hungary to 7.6%
The forecast was raised from 4.3 percent in the previous WEO published in April.
News in Brief
Gulyás: 5.5 percent or more GDP growth for Hungary in 2021
Gergely Gulyás said Hungary’s economy will “definitely” grow by more than 5.5 percent this year, and the figure could even reach 7.5 percent.