Hungary’s industrial output expanded in April for the first time this year, exceeding economist forecasts and underscoring the government’s prediction of an economic turnaround. The forint and stocks gained.
Hungarians returned Viktor Orban to power after eight years in opposition, giving the Fidesz leader a two-thirds majority in parliament, allowing him to change the recession-hit country’s Constitution.
Hungary’s central bank will start a 500 billion-forint ($2.1 billion) program to boost lending to help end a recession and plans to use foreign-currency reserves to cut the country’s short-term external debt. The forint rose.