NGM: Hungarian economy performed better than expected
The Hungarian economy performed above expectations in the last quarter of last year, with GDP growing by 0.5 percent, André Palóc, spokesperson for the Ministry of National Economy (NGM), said in the Kossuth Radio program Good morning, Hungary! on Monday.
He added that expectations were around 0.2-0.3 percent. The turnaround that the government talked about has now really started, with growth of around 3 percent expected in the second half of this year.
The growth is visible by looking at data on employment, consumption, tourism, the credit market, wages, the housing and car markets, he said. The 21-point economic policy action plan supports further growth, its aim is to help families and small businesses, and as a means of this, “4 thousand billion forints will be mobilized,” he added.
The government’s most important goal now is to broaden and strengthen the middle class as the economy develops, he emphasized.
Related news
The outlook continued to improve in October, with the GKI business climate index reaching a thirteen-month high
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Analyst commentary: when is an interest rate cut expected?
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >HIPA: new rules come into effect in the support system awarded through individual government decisions
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
How do we get started if we are not yet present in online commerce?
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Hungarian freight transport at a sustainability turning point
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Buffet system in schools
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >