Hungary's debt problem. Hungarians 2nd largest group of foreign workers in Austria
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Hungary’s debt problem: how deep is it? Not very deep. Hungary’s gross debt-to-gdp is below EU average: Hungary has been adding to the debt level by running massive budget deficits for years: This has lead to a re-accumulation of debt-to-GDP: Although from a very high level (18%), the interest rate is being brought down by the Central Bank. The EURHUF exchange rate has weakened somewhat as a consequence, but not dangerously. By the middle of 2024 an interest rate of around 7% is realistic.
Hungary's debt problem. Hungarians 2nd largest group of foreign workers in Austria
Hungary's debt problem. Hungarians 2nd…
Hungary's debt problem. Hungarians 2nd largest group of foreign workers in Austria
Hungary’s debt problem: how deep is it? Not very deep. Hungary’s gross debt-to-gdp is below EU average: Hungary has been adding to the debt level by running massive budget deficits for years: This has lead to a re-accumulation of debt-to-GDP: Although from a very high level (18%), the interest rate is being brought down by the Central Bank. The EURHUF exchange rate has weakened somewhat as a consequence, but not dangerously. By the middle of 2024 an interest rate of around 7% is realistic.