Economy

The OECD projects Hungary's economic growth slowing to 5 percent in 2022 from 6.9 pc this year. Also, inflation would remain high, "reflecting supply-side constraints and a tight labour market," it said in its latest Economic Outlook published on Wednesday. The OECD forecast 5 ...

Hungary's economy was one of the fastest to recover from the fallout of the coronavirus pandemic, with its output surpassing the pre-pandemic level in mid-2021, and its growth expected at 6.8 percent this year and above 5 percent in 2022, Finance Minister Mihaly Varga ...

Hungary's investment volume grew by an annual 12.4 percent in the third quarter, up from a low base, the Central Statistical Office (KSH) said on Friday.

Hungary greatly profits from and seeks to continue pragmatic cooperation based on mutual trust with China, Foreign Minister Peter Szijjarto said on Thursday after a videoconference with counterpart Wang Yi.

Mihaly Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play.

Hungary's economy is "shock resistant" and though hit hard by the coronavirus crisis, it was among the first economies in Europe to return to pre-pandemic growth levels, the innovation and technology minister said in Salgotarjan, in northern Hungary, on Friday.

All central banks must promote and support changes aimed at making the economy "green and digital", National Bank of Hungary governor Gyorgy Matolcsy said on Thursday, opening a conference held online under the auspices of the Eurasia Forum.

Hungary's economy grew by an annual 6.1 percent in the third quarter, slowing from 17.8 percent in Q2, according to a first reading of data released by the Central Statistical Office (KSH) on Tuesday.