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ORBÁN: HUNGARY AMONG EUROPE’S THREE FASTEST-DEVELOPING ECONOMIES

 

Hungary’s economy has continued to improve over the past twelve months since the general election last spring, Prime Minister Viktor Orbán said in an address to lawmakers, noting that the country registered a 5.2% GDP growth rate in the first quarter of 2019. Figures of the first quarter show that Hungary’s economy has grown at the highest rate in the European Union, placing Hungary “among the three fastest-developing economies in Europe”, he said. Orbán said the Hungarian economy further improved in the past year, while the EU’s performance was “not as good”, with the bloc’s old members producing a slower growth rate than previously. The government’s goal is therefore “to protect Hungary’s economic achievements and ensure a GDP growth rate exceeding the European Union’s average by 2 percentage points.” The prime minister announced that he will submit an economic action plan to achieve these goals.