In an interview with Reuters, Hungaryâ€™s Finance Minister Mihaly Varga said economic contraction this year is likely to be deeper than the governmentâ€™s projection last month for 3% and the current budget deficit goal of 3% per GDP is â€œnot carved in stone.â€ Varga told Reuters that the government will revise its GDP and deficit projections at the end of April as the coronavirus pandemic is taking a bigger than expected economic toll on the Central European country.
Reuters reveals Hungary’s economy likely to shrink more than 3%
24 April 2020, 12:00 am 1 minute
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