IMF Forecasts 2.8% Hungary GDP Growth In 2019
- 14 Nov 2017 7:57 AM
The International Monetary Fund forecasts Hungary’s GDP growing by 2.8% in 2019. The IMF’s regional economic outlook report for Europe November issue said domestic demand was likely to expand by 2.7%, while gross investment as a share of GDP could reach 20.9%. It forecast annual inflation at 3% and unemployment at 4.3%.
The budget deficit is expected to be 2.3% of GDP in 2019 while the country’s gross debt is likely fall to 70.2% of GDP, the report said, adding that the current account surplus was expected to shrink to 3.2% of GDP.
For 2017 and 2018, the IMF reiterated the macroeconomic forecasts it made in the October issue of its World Economic Outlook report. Next year Hungary’s GDP is predicted to grow by 3.2% followed by a 3.4% expansion in 2018.
The government projects GDP growth of 4.1% for 2017 and 4.3% for 2018.
The IMF also confirmed that it projects consumer prices will go up by 2.5% in 2017 and 3.2% in 2018.
The unemployment rate should edge down from 4.4% this year to 4.3% in 2018, it said.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
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