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By Tamas Csonka in Budapest Hungary’s economic rebound should be much slower than earlier anticipated in 2024 and GDP is set to expand 2.0% after a 0.9% contraction in 2023, Erste Bank said in a note. Officially, the government’s target is 4.0%, but on Tuesday Economic Minister Marton Nagy said that reaching this target is no longer realistic. Economic rebound stalled at the end of the year as GDP stagnated in Q4 on a quarterly and annual level, due to the weak performance of industry and still subdued domestic demand. On the back of real wage growth, lower inflation and continued monetary eas…

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