The Hungarian Finance Minister Mr. Mihály Varga indicated that through a disciplined fiscal policy and the economic stimulus package, now being implemented by the government, it is expected that the national economy will accelerate during the second half of 2020, and make up for the overall drop in the GDP with a forecasted growth rate of 4.8% during 2021.
The finance minister went further to state that although the coronavirus has had some negative effect on the economy, Hungary still experienced an economic growth rate of 2.2%, which has exceeded the European Union member states average, by almost 5 %.