Despite the uncertain international environment and the weakening of the German economy, the experts expect higher export performance, real wage growth, and stronger consumption in Hungary.
The Japanese credit rating agency R&I has confirmed Hungary's investment grade with a stable outlook , the Minister of Finance said in his video message on Tuesday.
Mihály Varga announced in a post on his social media page that the Japanese credit rating agency expects stronger growth in the Hungarian economy in the medium term, and a reduction in public debt and the budget deficit.
Despite the uncertain international environment and the weakening of the German economy, the experts expect higher export performance, real wage growth and stronger consumption in Hungary
- emphasized the minister.
The head of the ministry explained that since the outbreak of the war in Ukraine, the credit rating agencies have examined the Hungarian economy more than 20 times, and each time it was kept in the category recommended for investment.
The three major international credit rating agencies also recommend Hungary for investment, and currently maintain a rating two grades higher than 10 years ago.
MTI
Photo: Boglárka Bodnár/MTI
