• Home
• Channel: Finance
• World Bank Forecasts 5% Hungary Growth in 2022

World Bank Forecasts 5% Hungary Growth in 2022

• 13 Jan 2022 9:07 AM
• Hungary Matters

Hungary’s economy is forecast to grow by 5% this year, according to the World Bank, which raised its June projection of 4.7%.

Hungary’s finance ministry expects growth of 5.9% this year. In its biannual Global Economic Prospects report, the World Bank expects growth to slow to 4.3% in 2023.

Commenting on the forecast, Finance Minister Mihály Varga said the government had been making efforts “to maintain the advantage gained by the prompt relaunch of Hungary’s economy” and “to keep it on a dynamic growth path” amidst a slowing global economic environment.

He noted that in its forecast for 2021, the World Bank raised Hungary’s economic growth projection to 6.8% from 6% earlier.

Varga said that the World Bank’s report forecasts a slowing global recovery with uncertainty caused by financial risks and the emergence of new variants of Covid-19.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• World Bank Forecast Growth

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

National Bank of Hungary Lowers Inflation Forecast for 2026

• 24 Dec 2025 7:53 AM

The National Bank of Hungary (MNB) lowered its forecast for 2026 average annual inflation to 3.2% in a report published in full on Thursday, state news wire MTI writes.



Hungary Scores 63 on Mastercard Digital Payment Index

• 12 Nov 2025 5:36 AM

Hungary's score on the Mastercard Digital Payment Index has reached 63 on a scale of 1 to 100. Hungary's score on the index, which assesses the digitalisation of consumer payments in the areas of market readiness, digital payment adoption and consumer knowledge and attitudes, improved twelve points in five years, Mastercard said.



IMF Puts Hungary GDP Growth at 0.6% in 2025, 2.1% in 2026

• 15 Oct 2025 7:28 AM

The International Monetary Fund (IMF) projected Hungary's GDP growth would reach 0.6pc in 2025, then accelerate to 2.1pc in 2026 in its latest World Economic Outlook released on Tuesday.



New fixed 3% Loan Scheme for SME'S in Hungary Unveiled by Orbán

• 6 Oct 2025 12:59 PM

A fixed 3 percent interest rate loan scheme with a maximum value of 150 million forints will be launched for Hungarian small and medium-sized enterprises from October 6, Prime Minister Viktor Orbán said.