Business, Social

Hungary’s convergence report shows optimistic mid-term outlook

Silencing Hungary

Hungarian finance minister Mihály Varga has said that the country’s economy will grow by at least by four per cent in the coming years, with Hungary’s public debt gradually falling until 2023.

Presenting Hungary’s updated convergence report for the European Commission, the country’s finance ministry projects annual GDP growth to total in four per cent in 2020 and 2021, 4.2 per cent in 2022 and four per cent in 2023, supported by the public debt gradually decreasing to 55.9 per cent of GDP and the budget deficit staying well under three per cent until 2023.

Source: emrging-europe

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