London-Based Economists Upgrade Hungary GDP Forecasts
- 9 Dec 2013 8:00 AM
London-based emerging markets economists have raised their forecasts for Hungarian economic growth forecast to 0.9% from 0.5% this year and to 2.2% from 1.5% in 2014 on the back of strong figures for the third quarter.
Hungary’s economic output rose by an annual 1.8%, the statistical office said this week, up from its preliminary estimate of 1.7% annual growth rate.
According to the economists, net exports were still the main driver of growth, and economic growth is balanced in terms of exports and domestic factors.
Earlier, London-based emerging markets economists at JP Morgan had also upgraded their GDP projections for both 2013 and 2014.
Source www.hungarymatters.hu
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