OECD Hikes Hungary GDP Growth Forecast to 6%
- 23 Nov 2022 8:52 AM
- Hungary Matters
![OECD Hikes Hungary GDP Growth Forecast to 6% OECD Hikes Hungary GDP Growth Forecast to 6%](/binaries/content/gallery/2021-photos/business/08/oecd-right-size-logo.jpg/oecd-right-size-logo.jpg/xpatloop%3Achannelslarge)
The forecast was raised from 4.0% in June. The OECD projects Hungary’s GDP growth will slow to 1.5% in 2023.
“The slowing reflects persistently high inflation, the economic fall-out of Russia’s war of aggression against Ukraine, weaker external demand and negative confidence effects,” the OECD said.
“Private consumption is likely to be dampened by increasing unemployment and a deceleration of real wages,” it added.
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