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11th January, 2019

Moody’s sees 3.4% growth in 2019

Hungary’s economy is expected to expand by 3.4% this year after the 4.3% growth likely in 2018, according to the regional report by credit-rating agency Moody’s.

The countries in the region started the year with stable credit standing but they should be prepared for the deterioration of external conditions, according to the report.

The expected slowdown of eurozone growth to 1.9% from 2.1% in 2018 and risks of a trade war between the US and China could hurt these countries.

The Czech Republic, Poland, and Hungary also depend on Europe’s largest economy as their exports to Germany account for 30%, 28% and 27.9% of the total, respectively.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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