Minister: Hungary Construction Industry Set to Expand by 4.5 Percent This Year

2022. október 12.

Daily News Hungary

Hungary’s construction industry is set to expand by 4.5 percent this year before slowing in 2023 and 2024, the minister of economic development told a conference in Budapest on Tuesday.

Over the coming year the government will be working to avert a recession, Márton Nagy told the event organised by national construction industry association EVOSZ, adding that this depended on whether or not Germany would slip into a recession. But the real question, he said, was how long and how deep a potential German recession would be.