Moody’s: the external vulnerability of the Hungarian economy has declined significantly

The external vulnerability of the Hungarian economy has been reduced significantly. This is one of the pillars of the sovereign Hungarian debtor profile registered with a rating of “Baa3” – according to Moody’s Investors Service’s Annual Report.

Hungary’s vulnerability from future external shocks has been reduced thanks to sizable current account surpluses and lower currency risk exposure with the reduction of the share of forex-denominated government debt, Moody’s said. It also had a favorable outlook on the growth prospects, projecting GDP growth of 3.5% in 2017 and 3.1% in 2018. (Kertész Róbert, MTI)