News in Brief
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.
Economic Growth
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News in Brief
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.
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PM's Advisor: Hungary’s economic growth could be “around 7 percent” in 2021
Márton Nagy said Q2 GDP data put Hungary among “frontrunners” of economic recovery alongside Sweden, Poland and Romania.
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Finance Minister: Hungary records highest ever quarterly growth
Hungary’s economic performance has surpassed its pre-pandemic level, meaning that the country’s economic recovery is one of the fastest in the EU.
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S+P affirm Hungary’s ‘BBB’ sovereign rating with stable outlook
S+P’s analysts projected Hungary’s economy would grow 6.1 percent this year and 5.3 percent in 2022, acknowledging the country’s effective vaccination rollout and fiscal stimulus.
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OECD: Robust growth is returning to Hungary
The OECD’s director of country studies said Hungary was showing signs of strong economic growth despite the economy having taken a hit from the pandemic.
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Finance Minister: Brussels recognizes that Hungary is leading EU economic recovery
The European Commission has made a major revision to its Hungarian growth forecast, from 5 to 6.3 percent this year.
News in Brief
Finance Minister: Hungary’s GDP growth could exceed 6 percent this year
Finance Minister Mihály Varga said economic growth could be 5.3 percent next year.
News in Brief
IMF and EBRD raise Hungary's growth forecast
The IMF has revised its forecast of Hungary’s economic growth to 6.2 percent in 2021 and the EBRD raised its GDP growth projection to 5.5 percent.
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PM Orbán: Government to make “unexpected, forceful and serious decisions” to boost economy
The Hungarian government will have to make serious economic decisions in order to achieve 5.5 percent GDP growth in 2021.
News in Brief
Finance Minister: EU acknowledges that Hungary is on path to economic recovery
The European Commission has raised its projection for Hungary’s GDP growth this year from 4 to 5 percent.
News in Brief
PM Orbán: Brave and novel decisions are needed to ensure economic growth
Prime Minister Viktor Orbán said “brave and novel decisions” are needed to make sure economic growth this year exceeds 5.5 percent.