Market services, farms aid GDP
GDP rose two percentage points year-on-year in Q3, a first reading of data by the Central Statistical Office (KSH) has shown. Market services and the farm sector contributed the most[…]
Tagged: GDP
NBH sees inflation stability
Inflation remains persistently low and will approach 3pc, which represents price stability, only by mid-2018, the National Bank of Hungary (NBH) says in its fresh Inflation Report. In the previous[…]
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Matolcsy wary of eurozone
Hungary should only adopt the euro if its GDP per capita reaches the European Union average and if its state debt as a percentage of GDP falls under the 50pc[…]
GDP growth accelerates
GDP rose 2.6pc year-on-year in the second quarter, from 0.9pc growth in Q1, the Central Statistics Office (KSH) has said. Market services, industry and farming contributed most to the increase.[…]
Strong progress but still problems
OECD: reforms needed to give backbone to growth
“Strong economic growth has returned” to Hungary, the Organisation for Economic Co-operation and Development said in a survey last Friday, putting GDP growth at 2.5 percent in 2016 and 3[…]
Economy still can’t make the grade
S&P maintains Hungary’s junk rating with stable outlook
Standard and Poor’s Ratings Services last Friday affirmed its ‘BB+/B’ long- and short-term foreign and local currency sovereign credit ratings on Hungary. The outlook for Hungary remains stable, S&P said.[…]
More funding ‘for everyone’
Opposition unimpressed as Varga offers 2017 budget carrots
Tax cuts, the government’s home-building scheme and growth will be the centrepieces of next year’s budget, Minister of National Economy Mihály Varga told Parliament on Tuesday. He said the budget[…]
Moody’s upgrade ‘sign of success’
Rating agency Moody’s Investors Service raised the outlook on Hungary’s “Ba1” sovereign long-term issuer rating, one notch under investment grade, to “positive” from “stable” in a scheduled review last Friday.[…]
Economic numbers looking positive
European Commission sees stable growth in Hungary
The European Commission sees Hungary’s economic growth at 2.9 percent this year, 2.2 percent next year and 2.5 percent in 2017, according to the European body’s autumn forecast. Hungary will[…]
Varga has growth message
Despite the bleak prospects of the world economy, Hungary could keep its economy growing through accelerated payout of EU funding, raising bank lending, creating a flexible labour market and supporting[…]
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