News in Brief
IMF projects Hungary’s GDP will grow by 2.2% in 2024
For 2025, the IMF puts GDP growth at 3.3% and average annual inflation at 3.5%.
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News in Brief
Government issues decree amending 2023 budget
The finance ministry said next year’s budget envisages GDP growth of 1.5%, a declining budget deficit and falling public debt.
News in Brief
Fiscal Council raises no objections to draft budget amendments
The Council said there were “no such fundamental objections that would justify signalling disagreement with regard to the draft amendments” in a resolution.
News in Brief
EC raises projection for Hungary’s GDP growth this year to 5.2%
The EC noted that Hungary’s economy continued to “grow rapidly” in the first quarter.
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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 the EU’s statistical office.
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‘The Hungarian model is working,’ says PM Orbán, ‘but faces 5 threats this year’
As a result of the hard work of Hungarian people, Hungary once again stands before an “economic breakthrough,” said Prime Minister Viktor Orbán addressing the Parliament earlier this week at the opening of the spring session.
News in Brief
Hungary's GDP is set to grow by 3.4 percent in 2017
By flooding the market with extra liquidity, the Hungarian central bank will be able to fine-tune interbank rates and short-term yields
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Here’s why this major credit rating agency is bullish on Hungary and why the others should be too
In recognition of Hungary’s successful efforts to revive its economy, Fitch Ratings upgraded the country to investment grade recently. Although the upgrade came earlier than statistics might suggest, it was no surprise as markets had already priced Hungary’s widely anticipated return to investment grade at multiple credit rating agencies this year. Fitch’s upgrade signals important recognition that Hungary’s reforms are working.
News in Brief
GDP growth rate set to rise during second quarter of 2016
Government measures are boosting domestic consumption, such as the Family Housing Allowance and the 5 percent VAT rate on property sales
News in Brief
2017 budget could help bring back Hungarians living abroad
The government’s measures will help the younger generation find the opportunities they seek
News in Brief
European Commission: Hungary's GDP to continue growth path in 2016 and 2017
European Commission predicts Hungary's GDP to rise even higher than originally thought
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Forbes: Hungarian reforms are working
A recent installment of the Global Investment Guide, a series published by Forbes, writes on the recovery of the Hungarian economy, noting that Hungary has reported even better than expected results in stimulating economic growth, reducing unemployment and cutting the GDP-to-debt ratio for the first quarter of 2016. Thanks to savvy reforms that work, Hungary’s bonds, equity markets and currency have recovered and are healthy again.
News in Brief
Hungary has enjoyed one of the highest growth rates in Europe in recent times
Hungary's success story is thanks in part to the government's adoption of unorthodox measures for economic recovery