Higher GDP Growth Forecast For Hungary

  • 19 Apr 2018 11:31 AM
  • Hungary Matters
Higher GDP Growth Forecast For Hungary
The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 3.8% in its fresh World Economic Outlook published on Tuesday.

The projection was raised from 3.4% in a forecast released last October. Hungary’s government projects a 4.3% GDP growth this year.

 Consumer price inflation will rise to 2.7% in 2018 and to 3.3% in 2019, the IMF said.

 The unemployment rate is expected to fall to 3.8% this year and to 3.5% next year.

The current account surplus is set to narrow to 2.5% of GDP in 2018 and to 2.4% in 2019.

  • 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

  • Hungary’s Growth Rate Among Highest In EU

    Hungary’s Growth Rate Among Highest In EU

    • 27 Feb 2020 7:33 AM

    Hungary has recently experienced strong economic expansion with one of the highest GDP growth rates in the European Union, the European Commission said in an annual country report released on Wednesday.

  • EUR/HUF Exchange Rate Of 340 Incoming, ING Says

    EUR/HUF Exchange Rate Of 340 Incoming, ING Says

    • 3 Dec 2019 9:15 AM

    According to a forecast by Amsterdam-based multinational banking and financial services company ING, the Hungarian forint is set to weaken further against euro, with an exchange rate above HUF 340 for a single euro incoming in Q1 2020, news site index.hu reports, based on information from business daily Világgazdaság.