Equilor: the Hungarian economy may expand by 4 percent this year

By: Trademagazin editor Date: 2021. 01. 21. 11:35

The Hungarian economy may expand by 4 percent this year after last year’s expected 6 percent decline, but there is a lot of uncertainty, according to the latest analysis by the Equilor Befektetési Zrt.

Equilor chief analyst Török Lajos said at Wednesday’s online press conference on this year’s outlook: that after a significant increase last year, the government debt-to-GDP ratio may decline minimally this year, to 79.5 percent for the year as a whole, and then return to a slow declining path. However, the debt-increasing effect of last year’s crisis could take at least 5-8 years to work off. (MTI)