Navigating Economic Headwinds: Growth Ambitions Amid Effects of German Slowdown [Video]

The third quarter GDP data came as a huge negative surprise, as reported by the Hungarian Central Statistical Office (KSH). Compared to the previous quarter, the economy’s performance fell by 0.7%. However, Prime Minister Viktor Orbán talked in an interview about the fact that in the next few years we can expect intensive growth and that the whole of Europe can recover, writes Magyar Nemzet.

“We are producing the world’s most modern cars, the defense industry has built up huge capacity, and there is growing output in the space industry. There is nothing wrong with Hungarian industry,” Viktor Orbán told Kossuth Radio’s Vasárnapi újság program. The Prime Minister noted that there is a trade problem:

when there is trouble on the world market, our customer base narrows.

The world economy is in a tailspin, but in the coming years electric cars and batteries will be needed. This will lead to intense growth, he …