June 2, 2020 / 12:22 PM / 2 months ago

Hungary central bank governor expects 'modest' economic growth in 2020

BUDAPEST, June 2 (Reuters) - National Bank of Hungary (NBH) Governor Gyorgy Matolcsy on Tuesday said he expected the central European country’s economy to post a modest expansion in 2020, accounting for targeted measures by the bank and the government.

“Pricing the targeted measures of the government and the NBH we can expect a modestly growing Hungarian economy in 2020,” Matolcsy wrote in an opinion piece on the Novekedes.hu news portal.

The government expects the economy to shrink by about 3% this year before bouncing back by 4.8% next year, based on its 2021 budget proposal published late last month. (Reporting by Marton Dunai; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below