The Paris organization stressed that profits rose by 12% in the first eight months of this year.

With stable public finances, declining public debt and even lower unemployment in Hungary over the next few years, the Economic Review published today by the Organization for Economic Cooperation and Development (OECD) was published today.

The ministry recalled that the OECD improved the 2018 growth forecast for Hungary from 4.4 to 4.6 percent but still 0.3 percentage points more promising than last year. He also reminded the Commission that the European Commission recently raised its growth forecasts in the Hungarian economy to 4.3%, but other international organizations also changed their expectations for the last time.

The prime ministers stressed that the OECD expects the unemployment rate in Hungary to fall to a historic 3.6% this year and then further decline as the number of workers will continue to grow. The Paris agency stressed that profits rose by 12% in the first eight months of this year, with the help of a six-year wage agreement between the government and employers and wage increases in the public sector. They stressed that due to the tax relief scheme for family allowances and targeted VAT cuts, more money will be made available to Hungarian families, which will help boost consumption – the ministry said.

According to the President's statement, the OECD, as predicted by the central bank, predicts 3% inflation for the year, based on the upward trend in price increases, mainly due to higher fuel prices affecting most production regions. According to the OECD, in the coming years, the general government deficit may fall below the 3% threshold under the Maastricht convergence criterion, while public debt may continue to decline.

The OECD believes that the investment climate will remain unchanged due to housing construction and capacity building. For the former, the government housing program, which contributes to the reduction of corporate tax and the proper use of EU funds. At the same time, it is also noted that improving the productivity of small and medium-sized enterprises requires improvement of the innovation environment and the regulatory environment, and the continuous development of human capital among others, which is in line with ideas that enhance the competitiveness of the government.

The ministry also said that, according to the OECD, the tensions in the international financial markets and the upset Brex could create external risks for the Hungarian economy.

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