The Hungarian economy performed beyond expectations in the first three months of the year - commented Mihály Varga on the first estimate of the CSO's performance in the first quarter of the economy.
Compared to the 0.3 percent decline expected by market experts, All this shows that the economic protection measures are effective, and the Hungarian economy has started to restart. According to the currently available data, the performance of the Hungarian economy increased the most in the European Union on a quarterly basis.
The Minister of Finance said that the data also highlight that the restrictions due to the third wave of the epidemic no longer restrained the performance of the economy. This shows that Hungarian businesses have adapted better to the epidemic, and the subsidies and tax incentives provided from the budget have been a real help in maintaining operations.
He added: thanks to the correct economic policy and the success of the vaccination program , the Hungarian economy is a step ahead of the EU countries, so in the second quarter of 2021, they expect an exceptional double-digit growth.
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Photo: MH/Tamás Purger
