Hungary – A rising European star is shining on the global stage

Photo: unsplash.com/the Hungarian Parliament
Hungary’s economic growth in 2025 might be among the highest in the European Union!
Forecasts from the IMF suggest rapid economic growth, lowered inflation, and reduced unemployment. The finance minister suggests that economic neutrality measures could boost prosperity, aiming for a 2.9 percent growth rate in the upcoming year, positioning it as the European Union’s fifth biggest. Hungary aims to reduce its deficit to below 3 percent by 2026, supported by the IMF’s economic plan.
After the annual meetings of the International Monetary Fund and the World Bank in Washington, Hungary’s finance minister Varga Mihaly announced an enhancement in Hungary’s economic outlook, attributing it to its stance of economic neutrality amidst an unstable international scene.
The IMF forecasts that Hungary’s economic growth could reach 2.9% in the upcoming year, placing it as the fifth biggest among the 27 EU nations. He highlighted the risk of slow growth and significant debt in the global economy, advocating for budget consolidation and growth reforms. Hungary aims to reduce its budget deficit to less than 3% by 2026 and achieve an economic increase of 3%-6%.
Additionally, he pointed out the recent positive change in Hungary-IMF ties, with the IMF supporting Hungary’s employment-focused economic approach and endors ing measures to gradually reduce the budget deficit and national debt.
