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HATC SAMPLE EDITION:
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30th January, 2025
Households’ solvency weaker
Household solvency in Hungary continued to deteriorate in the last quarter of 2024, as the Intrum Solvency index fell by 18% from the previous quarter, the debt collector said on Wednesday.
Thus, the decline that began last August continued.
However, there is still a significant improvement since 2023.
Household solvency may improve slightly in 2025, but the structural problems of the economy continue to hinder a rapid recovery, Intrum commented.
The agency added that the expected 4% growth in real income this year and pre-election spending next year may provide some recovery, but long-term stability is yet to come.
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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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