Hungarian economic performance surpasses international expectations

It has once again become clear that Hungary’s economic performance surpasses international expectations, Finance Minister Mihály Varga said after talks with Pierre Moscovici, outgoing European commissioner for economic and monetary affairs, on Friday.

In its latest analysis, the European Commission acknowledged that the Hungarian economy would continue to grow above the average European Union rate, the finance ministry quoted Varga as saying.

In a quarterly forecast released earlier this week, the EC raised its projection for Hungarian economic growth this year to 4.4 percent from 3.7 percent, Varga noted.

This is yet more recognition of Hungary’s economic policy, he said, adding that the government’s top priority now was to avert the effects of a potential global economic slowdown and to preserve Hungary’s economic accomplishments.

At their meeting, Varga and Moscovici discussed ongoing financial and taxation issues between Hungary and the EU. They were in agreement that a comprehensive global solution was needed in order to ensure the fair taxation of digital multinational companies, the ministry said.

Source: MTI