Kármán András sees positives in the disappointing GDP data

Hungary's economic growth aligns with government expectations, though agricultural performance was weaker than anticipated. Finance Minister András Kármán noted that the 1.5% GDP growth in Q3 fell short of plans, but he remains optimistic about a 2% growth in Q4. Analysts share concerns over agriculture's poor performance but hope for improvement by year-end. Kármán highlighted positive trends in electronics and automotive sectors, and a low agricultural base could lead to better results if conditions improve. He acknowledged persistent energy price risks but maintains a forecast of 2.4% growth for next year, supported by tax reforms and EU funding to boost investments.