Hungary’s Economy Will Rebound, Reaching Pre-Pandemic Levels By Early 2022, Predicts Rating Agency
- 17 Aug 2020 8:47 AM
- Hungary Matters
Fitch Ratings and S+P Global Ratings both affirmed Hungary’s ‘BBB’ sovereign ratings with stable outlooks at scheduled reviews on Friday.
“In the absence of further significant COVID-19-related shocks, Hungary’s economy will rebound and reach pre-pandemic real GDP levels by early 2022, sooner than most other Central and Eastern European economies,” S+P said.
Fitch expects Hungary’s economy to contract by 5.9 % this year, but it projects GDP growth of 5.4% in 2021.
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