IMF Raises GDP Forecast For Hungary
- 9 Apr 2014 9:00 AM
The IMF has upgraded its 2014 GDP growth forecast for Hungary from the 1.7% predicted in October to 2%, in its World Economic Outlook report published yesterday. The IMF sees average inflation of 0.9% this year, accelerating to 3% in 2015.
GDP growth is forecast to slow down to 1.7% in 2015, compared to 1.5% projected in October.
The burgeoning revival of domestic demand could be a driving force for growth, supported by monetary easing and EU subsidies, the IMF suggests.
Source: Hungary Around the Clock
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