Márton Nagy: the growth of the Hungarian economy at around 4 percent is sustainable
The government expects an economic growth of between 2-3 percent this year, but growth of around 4 percent is achievable and sustainable in the long term in 2025, said the Minister of National Economy at a press conference in Budapest on Monday, where he presented the new competitiveness strategy for 2024-2030 adopted by the government. in.
Márton Nagy explained: the growth this year will not reach 4 percent due to the temporary weakness of the export markets, but this is no longer expected in the long term.
The economy is not viewed from above and no indicator system is used, the competitiveness strategy was built on the basis of the proposals of almost 1,300 companies directly or mediated through professional organizations – he said. The Minister of National Economy emphasized: what is needed is not an economic turnaround, but fine-tuning.
Related news
2024 Q2 Investment Outlook: Timing matters
Positive momentum is building. The outlook for 2024 has brightened,…
Read more >K&H: we don’t have much time left to reach the 55 percent reduction
The Hungarian economy still has 6 years to reach the…
Read more >The economic index of GKI decreased in April
According to a survey conducted by GKI Gazdaságkutató – with…
Read more >Related news
BH AgrárTrend Index: the outlook for the Hungarian food industry has stabilized
The assessment of the situation of the actors of the…
Read more >GVH: The postponement of certain amendments to the Competition Act is justified
The Economic Competition Authority (GVH) agrees with the postponement of…
Read more >We can drink from these RevoCups this year
More than 400 works were submitted to the VÍZió graphics…
Read more >