Standard and Poor’s: Hungary is still recommended for investment

By: Trademagazin Date: 2024. 10. 25. 10:22

In today’s rating, Standard and Poor’s confirmed that it continues to recommend Hungary for investment, so the reports of the three most important credit rating agencies all reflect a high degree of confidence in our country. Behind this lies the stability and crisis resistance of the Hungarian economy – the Ministry of National Economy told MTI on Friday evening.

They added that Hungarian economic growth is above the EU average, ahead of the performance of the Belgian, French, Italian, Dutch, Romanian, Latvian or even German economies, among others.

Although we are going through a difficult period, there are more and more positive signs that we can talk about a turnaround in the Hungarian economy. In August, retail turnover rose by more than 4 percent on an annual basis, and this dynamic is already higher than the 1.5 percent GDP growth expected for this year. That is, the consumption of goods clearly pulls up the overall economic performance – they emphasized.

NGM noted that, parallel to this, tourism is soaring, in the first eight months of the year, the number of guest nights increased by 5.5 percent compared to the same period of the previous year. This also indicates that more and more people, more and more families can go to relax, even for a weekend. Taken together, all of these clearly indicate an increase in consumption and the recovery of the domestic economy.