(Bloomberg) -- Hungary may need to pass two stimulus packages next year to counter the “very hard times” Europe is likely to experience economically, Prime Minister Viktor Orban said.
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The cabinet may have to inject stimulus in the spring and fall of 2020, the Hungarian leader said on Saturday at a ruling party retreat in Baile Tusnad, in neighboring Romania.
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Hungary’s economy grew 5.3% in the first quarter, the fastest growth rate in the EU. Orban has vowed to deliver at least 4% average annual expansion through 2022.
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