The Commission’s report is upbeat about the state of the Hungarian economy: it has been placed on a stable growth path, private consumption and exports have increased. Labour market indicators have improved, and significant measures have been implemented to incentivize the changeover of public work employees to the primary labour market. The fiscal deficit and the general government debt-to-GDP ratio have both declined; while the country’s net external position has also improved. The Commission prognosticates that these favourable trends are set to continue in coming years.

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(Ministry for National Economy)