Fitch said Hungary’s economic growth remained below that of the country’s ‘BB’ and ‘BBB’ peers, adding that the public sector had been the “key growth driver” so far “raising questions about the sustainability of the recovery”. 
 
It acknowledged “conventional and unconventional” monetary policy measures to boost economic activity but said it deemed evidence that private sector activity is strengthening “still tentative at this stage”. 
 
Fitch noted a continuing improvement in Hungary’s external balance because of a big current-account surplus. It said the banking sector was “adequately capitalised” as a whole but pointed out “considerable disparity” among individual banks.
 
Source www.hungarymatters.hu 
 
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