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EC Confirms Forecast Of 4% Growth In 2018

• 13 Jul 2018 9:52 AM
• Hungary Matters

The European Commission confirmed its earlier projection for Hungary’s GDP growth this year of 4% in its Summer Interim Forecast.

The EC put 2019 GDP growth at 3.2%, also confirming its forecast published in May.

The official government forecasts for GDP growth are 4.3% for 2018 and 3.8% for 2019.

The EC said “GDP growth remained steady at 1.2% quarter-on-quarter in the first quarter of 2018, supported mainly by domestic demand.

However, exports failed to keep pace with rising import demand.”
 

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