Márton Nagy: the government expects 2-3 percent growth next year

He said that due to the war and the decline of the German economy, government steps were necessary to protect the population and businesses from the negative consequences. He added that the Hungarian economy is closely integrated into the European and German economies, and has been struggling with recession for the past three years, while the EU has been struggling with competitiveness problems.

He emphasized that consumption-led growth is desirable in the short term because it offsets the weakening of external demand and helps domestic entrepreneurs, but in the longer term, the investment-led model is the goal.