Moody’s: the Hungarian economy is expected to reach its pre-coronavirus performance next year

By: Trademagazin editor Date: 2021. 02. 19. 11:33

The performance of the Hungarian economy is expected to reach the level before the coronavirus pandemic again next year, and as a result, the public debt ratio, which has swelled significantly due to the pandemic, may start to decline gradually in 2022 – Moody’s Investors Service reports in London.

The international credit rating agency explained in its 9-page study that its positive outlook on the “Baa3” level of Hungarian sovereign debt reflects the strong performance of the Hungarian economy, compared to similarly rated sovereign debtors, which the company expects will be continued. (MTI)