Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.7% of GDP at the end of September, down from 73.6% of GDP at the end of June, the National Bank of Hungary (MNB) said on Friday concerning Hungaryʼs preliminary financial accounts.
Hungary has a relatively diversified economy, significantly reduced external vulnerability and a government commitment to prudent fiscal policy, factors which place the country in the Baa3 stable credit profile, Moodyʼs Investors Service notes in its latest report.
An overwhelming majority of people aged 14-25 in Hungary expects a lot more of their peers to work abroad than now within the next ten years, according to the latest survey.
While incomes rise and economic prospects improve, Hungarians remain among the most discontented citizens covered in the OECDʼs latest survey of well-being. The survey also reveals that Hungarians fear for public safety more than anywhere else in Europe, some suggesting this may be a by-product of the governmentʼs strident anti-migrant propaganda.
Per capita purchasing power has jumped above EUR 6,000 in Hungary, which is still less than half of the European average. The countryʼs ranking has not moved from 30th among 42, according to a report by market researcher GfK.