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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