S+P: "Hungary’s Small Open Economy is Steadying After Series of External Shocks"
- 10 Jul 2023 11:47 AM
- Hungary Matters
![S+P: "Hungary’s Small Open Economy is Steadying After Series of External Shocks" S+P: "Hungary’s Small Open Economy is Steadying After Series of External Shocks"](/binaries/content/gallery/2023-photos/business/07/sp-global-logo-thumb.png/sp-global-logo-thumb.png/xpatloop%3Achannelslarge)
“The stable outlook reflects our view that Hungary’s small open economy is steadying after a series of external shocks,” S+P said in the rationale for the rating action, noting a shift by policymakers to tighter monetary and fiscal settings.
The growth outlook beyond 2023 “remains healthy”, it added. The Finance Ministry said the rating action signals S+P’s confidence in the Hungarian economy.
The investment grade rating is also an acknowledgement of government measures to improve balance indicators, it added.
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