Mihály Varga: the Hungarian economy is back on the growth track
The Hungarian economy returned to the growth path in the first three months of the year, GDP increased by 1.7 percent on an annual basis and by 0.8 percent compared to the previous quarter, said Finance Minister Mihály Varga in a Facebook message, according to the GDP released by the Central Statistics Office (KSH) on Tuesday morning. in response to your data.
He explained: the growth was helped by the fact that employment is at a record level, real wages are rising, consumption has started, the construction industry and tourism are also performing better and better.
According to his expectations, the Hungarian economy may expand by 2.5 percent throughout the year, and next year – according to the forecasts of the European Commission and the IMF – it may be at the top of the EU growth ranking.
Related news
Viktor Orbán spoke about the extension of the margin freeze
A decision on extending the margin freeze to household and…
Read more >Eurozone manufacturing activity improved in April, but still shows weak performance
The pace of decline in eurozone manufacturing activity slowed to…
Read more >KSH: in March, the number of guests was 1.1 percent lower and guest nights were 5.9 percent lower than a year earlier
In March 2025, 1.1 million guests spent nearly 2.7 million…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >