“The National Bank of Hungary has maintained a tight monetary policy stance, while the government has taken steps to reduce the primary deficit since 2023,” Fitch said in a statement.
Fitch forecasts Hungary’s economy to recover gradually, driven by stronger private consumption, investment, and exports. “The expected decline in interest expenditure will support a further decline in the fiscal deficit to 4.2% in 2025 and 3.7% in 2026,” Fitch added.
The government expects a 3.4% economic growth rebound in 2025, notes international news wire Reuters.
Meanwhile, Standard & Poor’s credit rating for Hungary stands at “BBB-” with a stable outlook, while Moody’s last set Hungary’s credit rating at “Baa2” with a negative outlook.
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