FinMin: Economy in ruder health than after previous crisis

Hungary's economy grew by 6.4 percent this year as opposed to a contraction of 6.6 percent the year after the 2008 crisis, Mihaly Varga, the finance minister, said on Facebook on Tuesday. Also, there are now 4.7 million people in employment, one million more than twelve years ago, he said, adding that the jobless rate has declined from 12 percent in 2009 to 3.8 percent today. Meanwhile, average earnings before tax have gone up from 198,000 forints (EUR 535) to 428,000, while the minimum wage is increasing to 200,000 forints on Jan 1, from 75,500 in 2009.