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 newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

  • Cautious Base Rate Cut by Hungarian Central Bank

    Cautious Base Rate Cut by Hungarian Central Bank

    • 24 Jul 2024 1:22 PM

    Hungarian central bank (NBH) rate-setters cut the base rate by 25 basis points to 6.75%, while lowering both ends of the interest rate corridor to the same extent, at a regular policy meeting.

  • Banks in Hungary Deny Enhancing Profits During Wartime

    Banks in Hungary Deny Enhancing Profits During Wartime

    • 10 Jul 2024 2:06 PM

    The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures “in a disciplined and cooperative manner”.

  • IMF Says Hungary's Economy to Return To Growth This Year

    IMF Says Hungary's Economy to Return To Growth This Year

    • 25 Apr 2024 7:28 AM

    The International Monetary Fund (IMF) forecasts the Hungarian economy returning to growth this year and taking its place in the vanguard of the EU’s growth performers next year, Mihály Varga, the finance minister, said on Tuesday, adding that the IMF prognosis echoes that of the latest European Commission projection.

Enjoy more

finance CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.

Newsletter

get in & enjoy more!

XpatLoop’s newsletter contains a hand-picked selection of fresh news, special invitations, events, movies, and more.

I understand & accept the Privacy Policy