GDP Growth Forecast For Hungary Raised By IMF

  • 7 Apr 2021 7:25 AM
  • Hungary Matters
GDP Growth Forecast For Hungary Raised By IMF
The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4.3% in its fresh World Economic Outlook.

The projection was raised from 3.9% in the previous forecast released last October.

Hungary’s economy contracted by 5% in 2020.

The IMF sees Hungary’s GDP growth rising to 5.9% in 2022.

The IMF projects average annual inflation will pick up to 3.6% this year before decelerating to 3.5% in 2022.

The projection is up from 3.4% forecast in October.

It sees the unemployment rate dropping to 3.8% in 2021 and to 3.5% in 2022.

The current account deficit is set to widen from 0.2% to 0.4% of GDP this year before narrowing to 0.3% in 2022.

  • 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.

Explore More Reports

  • Hungarian Opinion: Hungary’s Economic Record & Outlook

    Hungarian Opinion: Hungary’s Economic Record & Outlook

    • 7 Jul 2021 12:54 PM

    A conservative economist believes that Hungary’s growth rates confirm the government’ economic policies. Another analyst notes that Hungary is still lagging behind most new EU member states in terms of economic development.

  • IMF & EBRD Raises Hungary GDP Growth Forecast

    IMF & EBRD Raises Hungary GDP Growth Forecast

    • 30 Jun 2021 8:16 AM

    The International Monetary Fund (IMF) has revised its forecast of Hungary’s economic growth to 6.2% in 2021, from a projected 4.3% in May, Finance Minister Mihály Varga said.

  • IMF Raises GDP Growth Forecast For Hungary

    IMF Raises GDP Growth Forecast For Hungary

    • 16 Oct 2019 6:41 AM

    The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4.6% in its fresh World Economic Outlook. The projection was raised from 3.6% in the previous forecast released in April.