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Fitch, S+P Affirm Hungary ‘BBB’ Ratings with Stable Outlooks

MTI-Hungary Today 2021.02.13.

Fitch Ratings and S+P Global Ratings both affirmed Hungary’s ‘BBB’ sovereign ratings with stable outlooks at scheduled reviews on Friday.

Fitch projects Hungary’s economy will grow 4.9 percent this year, while S+P forecasts GDP growth of 4.6 percent.

EC Projects 4% GDP Growth in Hungary in 2021
EC Projects 4% GDP Growth in Hungary in 2021

The European Commission projects Hungary’s GDP will grow b 4.0 percent this year in a winter economic forecast published on Thursday. The projection is level with the one in the EC’s forecast released in November. The EC modified its estimate for last year’s decline in Hungary’s GDP to 5.3 percent from 6.3 percent. It said […]Continue reading