Hungary's economy likely to shrink more than 3%, deficit goal 'not carved in stone' - finance minister
BUDAPEST (Reuters) - Hungary’s economic contraction this year is likely to be deeper than the government’s projection last month for 3% and the current budget deficit goal of 3% per GDP is “not carved in stone”, Finance Minister Mihaly Varga told Reuters on Friday.
Varga said 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.