Hungarian government thinks the recession is avoidable

Hungary’s economy is expected to avoid recession and grow by 1.5 percent this year, the head of the Prime Minister’s Office told a regular press briefing on Thursday.

Gergely Gulyás said that the government saw curbing inflation, protecting jobs and avoiding recession as its priorities in 2023.

Long-term growth requires ongoing industrial and agricultural development, and energy is key to that process, he said.

The government focused on energy strategy in a recent three-day cabinet meeting, he said. In the national energy strategy until 2030, presented at the meeting by Energy Minister Csaba Lantos, nuclear energy will continue to have a key role in Hungary, along with the development of solar energy and energy networks, Gulyás said.

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Source: MTI