Orbán: stimulus needed for 4% growth rate
Prime Minister Viktor Orbán suggested economic stimulus will be necessary to raise this year’s GDP growth to 4% at a weekly press briefing on government measures.
PM Viktor Orbán (Photo by Károly Árvai/kormany.hu)
The press briefing was a special event, as the Prime Minister subbed in for Minister of the Prime Ministerʼs Office Gergely Gulyás, who usually entertains the questions of the press at such events.
"The government will do everything it can to achieve 4% growth this year," Orbán said.
"Our position is that, if we don’t take stimulus measures in the first quarter, growth will be under 4%," he added. The official government forecast for 2019 GDP growth is 4.1%, while the World Bank predicts a growth of 3.2%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.