FinMin Expects Return to Growth to Happen ‘Surprisingly Fast’

Hungary’s economy is set to stage a swift recovery from the second quarter and achieve growth of 4-5 percent for the full year, Minister of Finance Mihály Varga said in an interview with Wednesday’s business daily Világgazdaság.
Budget amendments to be submitted to lawmakers on May 4 target a declining deficit, Varga said, adding that a shortfall of 7.5 percent and public debt level of below 80 percent of GDP was likely by year-end.
Public debt in the European Union averaged 100 …
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FinMin Expects Return to Growth to Happen ‘Surprisingly Fast’

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