Hungary’s GDP to grow more next year than expected
The finance ministry says it expects the economy and GDP will grow by 5.9 percent next year.
The 2022 budget law targets growth of 5.2 percent, but government measures are expected to lift consumption, according to a ministry forecast for the 2021-2025 period published on Wednesday. Household consumption in 2022 is likely to increase by 6.7 percent, up from 3.6 percent expected this year.
Personal income tax forgiveness for young employees and a rebate for households with children, as well as a pension supplement, among other measures,
may add 1.63 percentage points to GDP growth next year,
the ministry said.

Read alsoCould the emerging Hungarian superbank conquer the financial market?
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
What happened today in Hungary? – 29 September, 2023
Ryanair cuts flights: cancellation starts from end-October
Hungary’s drinking water supply in danger?
Hungarian restaurants among the world’s best of the best
PM Orbán in talks with the United Arab Emirates in Belgrade: Budapest Airport on the menu? – UPDATED
European neo-Nazis to hold rally in Hungary in October