Hungary is among the top 8 growth performers in the EU, with the second quarter showing an increase of 1.3 percent year on year, the national economy ministry said on Wednesday, quoting Eurostat data.
Hungary is ahead of Belgium, France, Italy, The Netherlands, Romania, Latvia and Germany on this score, as growth came in double the rate of the euro zone (0.6 percent) and much stronger than the EU average of 0.8 percent, it said.
All this in spite of poor external factors, “Brussels’ failed sanctions policy”, and the war in Ukraine, which has dragged down Hungary’s industry and consumer confidence.
The government will submit “a peace budget” to MPs this autumn, aimed at supporting small and medium-sized businesses and helping families, the statement said, adding that targeted measures and a swift end to the war would help towards securing 4 percent growth next year.
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4 Comments
The Real Person!
The Real Person!
Attached is an article with the 2023 and 2024 figures for each country on a chart. Have a look and make your own interpretation about how well Hungary is doing and which other countries are doing well.
https://notesfrompoland.com/2024/08/14/polands-records-eus-fastest-gdp-growth/
The Real Person!
The Real Person!
Is there someone still believing the Hungarian lies?
The Real Person!
The Real Person!
This is the CRAP that is coming out of the mouth, the office of the “embarrassment” to Hungary, the Minister of Finance – Mihaly Varga.
Varga has been mouthing this LIE of “return to growth pattern” in the Hungarian Economy for the past on near (2) two months.
Its a total FABRICATION of Fact & Truth.
Varga is a repetitive user of “throwing” out there PROPAGANDA that is dismissive of Truth.
Varga we know, his time as Minister of Finance, being near on 12 years, his performance has been a cataclysmic DISASTER.
Varga, his FAILED economic & financial policies, all counter signed by the Prime Minister of Hungary – Victor Mihaly. Orban, together, they have POISONED the Hungarian Economy.
It is KNOWN – the role Varga is currently appointed to in the European Union – under the Presidency of Hungary, his responsibilities in DRAFTING the European Union Budget for 2025 – the widespread lack of RESPECT he is afforded, through his Ruination of the Economic & Financial position that Hungary is PLACED at this “perilous” time, in our History.
Varga does have a history of speaking with a Forked Tongue.
Modern day Speakeasy environments in Brussels, the talk or chatter being “off the record” – the name Varga by those involved connected in areas that Varga is compiling his information that are related to his DRAFT, the European Union Budget of 2025, that the “off the record” talk is very unfavourable to Mihaly Varga – his competency and Hungary, especially the name Victor Mihaly. Orban.
Mihaly Varga – Government Debt, the last HUMONGOUS Borrowing HIDDEN from the citizens of Hungary obtained from China, in the course of the last (3) three months, the interest rate alone – Horrendous, that is the CITIZENS / Population Debt of BORROWED Funds, signed off by Mihaly Varga – DISGRACEFUL.
Varga – his PLAN to pay the ESCULATING millions of Forints to the European Union, on Hungary, being found of Guilt, by the Court of Justice of the European Union, every day that passes on the daily interest rate, this “Dud” – this FAILURE of a Minister of Finance of the Orban – Fidesz Government, what’s his PLAN to PAY it ???
Varga, is responsible – is accountable – has OWNERSHIP for the “perilous” place – Economically & Financially through his FAILINGS we Hungary find ourselves at this point in time.
It ALL will WORSEN.
The Real Person!
The Real Person!
Gotta love Politician spin:
https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-30042024-bp
And all the spin for some reason never takes into consideration the base effect… Read this and you will know why!
https://www.investopedia.com/terms/b/base-effect.asp