Govt official: Further economic growth hinges on labour market, higher productivity

A government public finance official has said labour market constraints must be removed in order to ensure sustainable annual economic growth of around 4 percent. Also, productivity should be increased, Peter Beno Banai, a finance ministry state secretary, told a conference on Wednesday. He said when in the past the Hungarian economy had grown above the EU average, this had often been at the expense of balance in the indicators. A decade ago, even without the economic crisis, there would have been a correction and the government's aim is to ensure this does not happen in the future, Beno Banai said.