EC Confirms Forecast Of 4% Growth In 2018

  • 13 Jul 2018 9:52 AM
  • Hungary Matters
EC Confirms Forecast Of 4% Growth In 2018
The European Commission confirmed its earlier projection for Hungary’s GDP growth this year of 4% in its Summer Interim Forecast.

The EC put 2019 GDP growth at 3.2%, also confirming its forecast published in May.

The official government forecasts for GDP growth are 4.3% for 2018 and 3.8% for 2019.

The EC said “GDP growth remained steady at 1.2% quarter-on-quarter in the first quarter of 2018, supported mainly by domestic demand.

However, exports failed to keep pace with rising import demand.”
 

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • IMF Raises GDP Growth Forecast For Hungary

    IMF Raises GDP Growth Forecast For Hungary

    • 10 Oct 2018 5:59 AM

    The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4% in its fresh World Economic Outlook. The projection was raised from 3.8% in a forecast released in April, but is still under the government’s official target for 4.3% growth.

  • Industrial Output Rises 6.2% In July

    Industrial Output Rises 6.2% In July

    • 10 Sep 2018 7:52 AM

    Industrial output in Hungary rose by an annual 6.2% in July, the Central Statistical Office (KSH) said in a first reading of data.

  • Local Opinion: GDP Growth Has Peaked

    Local Opinion: GDP Growth Has Peaked

    • 22 Aug 2018 10:35 AM

    A left-wing analyst thinks that the Hungarian economy will underperform official expectations. A pro-government economist finds it unfair for the EU to criticize Hungary.