Economics
Forint Under Pressure as Hungary Faces Growth, Budget Woes
- Industrial production declines more than expected, data show
- Premier Orban set to start more spending before 2026 election
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Hungary’s forint came under pressure as the country’s economic performance worsened and further complicated the increasingly urgent task of fixing its budget.
The currency weakened as much as 0.5% to the euro on Friday, marking its biggest weekly decline in a month and trailing peers in eastern Europe. The forint has underperformed in much of 2024 amid recurring tension over economic stimulus and monetary policy.