The Commission’s Country Report on Hungary draws mainly upbeat conclusions on macro-economic developments in the country. The institution highlights several positive changes observed in the country, placing special emphasis on the overall improvement of the economy. The Hungarian economy has been on a stable growth path; household consumption has grown, the labour market has recovered, the government budget deficit has declined and the amount of general government debt has also been edging down, while the country’s net external position has improved. The report of the European Commission also notes that Hungary has made progress in the implementation of country-specific recommendations issued in 2015.

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(Ministry for National Economy)