Rising domestic demand and continuing export growth will drive the economy, the report concludes.

The EC has lowered its projections for the budget deficit but increased its estimate of the state debt towards 80% of GDP.

Average inflation in Hungary is forecast at 1% this year, rising to 2.8% next year, whereas the government’s convergence plan sees 0.8% for 2014 and 2.9% for 2015.

Source: Hungary Around the Clock

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