In its annual country report, Moody’s Investors Service formulates a positive view on Hungary’s medium-term economic growth.

According to the analysis, results of the Government’s economic policy measures are becoming visible: investment volume is higher, the utilization of EU funding has improved and consumption has also increased. Exports continue to be competitive and the sector has remained a major economic engine. The credit rating agency is prognosticating that over the next three years Hungarian GDP growth is set to average 2.2 percent annually.

At the beginning of November, Moody’s upwardly revised Hungary’s rating outlook from negative to stable as the Government had been successful in curbing state debt and igniting economic growth.

The Ministry for National Economy is firmly convinced that credit rating agencies will in their next rating decisions take into account the growth potential of the Hungarian economy. Market participants have been reacting in a positive way to the favourable trends regarding Hungarian economic indicators and credit rating agencies must follow suit.

(Ministry for National Economy)