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GDP growth

One of the dragons from The Nine Dragons handscroll painted by the Song dynasty’s Chinese artist Chen in 1244 CE. Museum of Fine Arts, Boston, Massachusetts, USA

Is Peak China on the Horizon?

‘As China’s growth rate already lags behind major emerging economies in South and Southeast Asia, such as Bangladesh, India, Indonesia, the Philippines, and Vietnam, and is predicted to be less than half of most of these in the second half…

Balázs Orbán: ‘2024 was a lot better than the year before, but not as good as what we will see this year’

Political Director Balázs Orbán has talked to the Hungarian business site Portfolio.hu. In it, he expressed optimism about the incoming Trump administration ending the war in Eastern Europe, which would be very beneficial for the region’s economy. ‘If there is…

PM Orbán Unveils Historic Wage Agreement

Hungarian Prime Minister Viktor Orbán has announced a historic wage agreement on Monday. Under this deal, Hungary’s minimum wage will see a cumulative increase of approximately 40 per cent over the next three years….
Nairobi seen from Uhuru Park

The Economic and Social Powerhouse of Africa and an Example for the West: Kenya

Kenya’s approach to religious diversity is equally remarkable. It is a deeply Christian country, yet the coastal region, like much of East Africa, is mixed, even Muslim-majority in some areas. Despite this, there is an almost unique religious harmony. Mosques…
Gergely Gulyás during a press conference on 1 February 2024 in Budapest.

Hungary Is Ready to Sue Brussels for Reimbursements of Border Protection, Minister Gulyás Reveals at Government Press Briefing

Minister for European Union Affairs János Bóka has been delegated to negotiate with Brussels about the €200 million fine Hungary received for failing to meet migrant quotas, Gergely Gulyás also revealed….

Minister of National Economy Highlights Successful Anti-Inflation Strategies

The minister highlighted that low inflation has triggered a positive chain reaction in the national economy, with its beneficial effects increasingly felt by Hungarian families and businesses….

Hungary April Industrial Output Up by 6.4 Per Cent Year on Year

Hungary’s industrial output grew by 6.4 per cent year-on-year in April, the Hungarian Central Statistical Office (KSH) announced. However, adjusted to working days, the data actually shows a 2.4 per cent decline. In their statement the Ministry for National Economy…

EBRD Forecasts Economic Growth in European Emerging Markets Despite Global Challenges

According to EBRD’s forecast, Hungary’s Gross Domestic Product (GDP) is projected to expand by 2.2 per cent this year and by 3.5 per cent next year….
Investment illustration (Pixabay)

S&P Maintains Hungary’s BBB Rating, Assesses Financial Outlook as ‘Stable’

The global credit rating agency expects Hungary’s ‘fiscal slippage’ in 2023 to be temporary, and projects the country’s GDP to grow by 2.6 per cent in 2024, after it shrank by 0.5 per cent in 2023….

Hungarian Economic Performance Surpasses EU Average

According to recently released data, the Hungarian economy has surpassed the EU average in 2023, and is poised to be among the leading countries in 2024 as well….

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