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Hungary external balance indicators improve in 2020

April 13th, 2021

Hungary's external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report published on Tuesday. Hungary had a current-account surplus for the year at 2.1 percent of GDP. External debt indicators reached historical lows at 8 percent of GDP, in line with the regional average and at 2019 levels. The FX reserves "significantly exceeded" levels expected and deemed safe by investors, the report said.


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