Economy

The International Monetary Fund (IMF) projected Hungary's GDP would grow by 2.2 percent this year in its latest World Economic Outlook released on Tuesday.

More and more people in Hungary are willing to work, and the number of economically inactive people is down in just about every age group, Marton Nagy, the national economy minister, said on Saturday.

Headline industrial output rose by 1.8 percent in February 2024 compared with the same period last year, the Central Statistical Office said in a second reading of data on Friday.

Annual inflation in Hungary was 3.6 percent in March, the Central Statistical Office (KSH) said on Thursday. Month on month, prices rose by 0.8 percent.

According to the government's forecast, Hungary's economy will grow by 2.5 percent this year and by 4.1 percent in 2025, the finance minister told a government press briefing on Thursday.

Hungary's cash-flow budget deficit was 2,321.4 billion forints at the end of March, the finance ministry said on Tuesday in a first release of data.

Retail sales in Hungary grew by an annual 4.6 percent in February, 1.1 percent when adjusted for calendar year effects, the Central Statistical Office (KSH) said on Friday.

Output of Hungary's industrial sector rose by an annual 1.8 percent in February, increasing for the first month in about a year, the Central Statistical Office (KSH) said in a first reading of data on Friday.

Hungary had a 1.652 billion euro trade surplus in February, a first reading of data released by the Central Statistics Office (KSH) on Thursday shows.

Financial cooperation is a fast-growing area of Hungarian-Chinese relations, Mihaly Varga, the finance minister, said on Wednesday after meeting banking heads in Beijing, noting that Hungary planned to issue a Panda bond in the second half of this year.