Heavily indebted countries exposed to volatile commodity prices, such as China or Brazil, could be put into more difficult situations, however, Hungary is not among these countries, MTI reported, citing Varga.
Varga noted that the Hungarian government has “significantly” lowered its debt and deficit financing has “become completely secure”, MTI added.
Varga said the Fed is expected to continue raising rates in the coming years, urging competition as investors look for safe places to invest.
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