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Interview with H.E. Mr. Zoltan NAGY, Ambassador of Hungary
H.E. Mr. Zoltan NAGY, Ambassador of Hungary: «The Hungarian economy became a European success story with an impressive growth rate, low budget deficit and decreasing state debt – without a bailout package.»
The economics of Hungary look quite good (GDP growth, unemployment, public debt/GDP, inflation, income inequality...): how does the European Commission react to this?
The first agency to upgrade the country’s debt was Fitch Ratings in May 2016, followed by SP’s on 16 September and Moody’s on 4 November. All three major rating agencies now keep Hungarian government securities in investment grade category, which also indicates that Hungarian economic growth...
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