The Hungarian economy has been growing dynamically, in a balanced and sustainable manner, he stated. In light of data from the fourth quarter, a GDP growth rate of 4.1 percent appears to have been achieved in 2017. This figure is well above the EU average, and that signals that Hungary’s economic convergence has continued, he added.
Growth has been broadly based with almost every sector having contributed to expansion. In 2017, investment was a major growth factor, with a volume increase of more than 20 percent.