Hungarian Growth Threatened by Weak Labor Market, Moody’s Says

Hungarian labor-market weaknesses make the government’s targets for economic growth “very difficult” to reach, said Anthony Thomas, a senior sovereign risk analyst at Moody’s Investors Service.

“The thing which concerns us more than anything is the poor demographics,” Thomas said in an interview in Prague today. “If you look at the labor market, it’s a shrinking population, the participation rate is low, so in terms of generating strong growth it’s just very difficult to see where that’s going to come from.”

To contact the reporters on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net; Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.