S+P forecast: Hungary’s economy would grow 6.1 percent this year!
The finance ministry has welcomed S+P Global Ratings’ affirmation of Hungary’s ‘BBB’ sovereign rating with a stable outlook, calling it an acknowledgement of the resilience the Hungarian economy had shown this year.
In a statement on Saturday, the ministry cited S+P’s analysts as highlighting the contribution of Hungary’s effective vaccination rollout to
the country’s pandemic response and economic recovery.
The ministry cited S+P as saying that Hungary’s rating could be upgraded if economic growth continues to outpace peers’ without engendering overheating or external balances, and if public finances are consolidated more quickly than projected. In a scheduled review on Friday, S+P’s analysts projected Hungary’s economy
would grow 6.1 percent this year and 5.3 percent in 2022.
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1 Comment
The Finance Minister of Hungary – Mihaly Varga – on a “Wing and a Prayer” – he continues taking ALL opportunities to talk and report – that the Economy of Hungary will return a GDP result exceeding 5% this year.
Bullish trader is our Finance Minister – BUT trust he doesn’t forget to look left and right – up front and behind – the BIG global picture – as the on-going Fragility and Uncertainty’s of Global Financial and Monetary Markets – Commodity Markets and Stock Markets – the FUNDAMENTALS – do not give SOUNDNESS nor Support – that the Global Economic picture has Stabilized nor turned to an up-ward trend.
The on-going novel coronavirus – the Delta strain plus the EXPLOSIVE situation in Afghanistan – jittery and rubbery legs – would be Witnessed again in Financial Markets and others as referred earlier in my commentary.
Watch being a Bull – and best take an approach of “tongue in cheek” – remaining conservative and guarded in opinions – especially as a Finance Minister – Mihaly Varga – and not get Lost in a World – by rhetoric or tone – expressing opinions that Hungary and the Global World – is returning to Normality – which it is Distanced from – which is FACT.