Moody’s Sees 3.4% Growth In 2019 In Hungarian Economy

  • 14 Jan 2019 8:21 AM
  • Hungary Around the Clock
Moody’s Sees 3.4% Growth In 2019 In Hungarian Economy
Hungary’s economy is expected to expand by 3.4% this year after the 4.3% growth likely in 2018, according to the regional report by credit-rating agency Moody’s.

The countries in the region started the year with stable credit standing but they should be prepared for the deterioration of external conditions, according to the report.

The expected slowdown of eurozone growth to 1.9% from 2.1% in 2018 and risks of a trade war between the US and China could hurt these countries.

The Czech Republic, Poland, and Hungary also depend on Europe’s largest economy as their exports to Germany account for 30%, 28% and 27.9% of the total, respectively.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Enjoy more

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.