Hungary has every chance to achieve this rate of growth, Szatmáry said. As a result of the economic growth, the government will be able to fulfill its promise to create 1 million jobs in ten years, including 250,000-300,000 by 2014, he added.
Hungary’s GDP growth rate was 1.2% in 2010.
Szatmáry repeated the government’s aim to bring state debt as a percentage of GDP down to 60-70% by 2014 from 82% at present.
All of the measures the government is taking aim to return Hungary to the position of competitiveness it enjoyed in 2000, he said. Now, the Czech Republic and Slovakia are ahead of Hungary in the competitiveness ranking, he added.
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