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Hungary’s construction sector at full steam

April 17th, 2019

A pro-government columnist comments on the exceptional expansion of the construction sector, and praises the government for boosting the economy. He adds that Hungarian growth may be sturdy enough to continue even if the country gets less EU funding.

Magyar Hírlap’s Ottó Nagy interprets the construction sector data published by the Central Statistical Office as proof that the government’s economic policy is effective. The conservative commentator underscores that the construction sector expanded 48 per cent last year, and, according to analysts,is expected to grow another 20 to 30 per cent in 2019. Nagy attributes fast growth to the government’s pro-growth policy, including lower taxes and housing benefits offered to families as well as more flexible employment rules. Nagy believes that the construction sector has enough momentum to grow further even if Hungary gets less EU funding in future.

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