- 8 Jun 2023 7:58 AM
- Hungary Matters
The forecast was lowered from 1.5% in November. “High inflation is eroding household purchasing power and consumption, while tight financial conditions and economic uncertainty are holding back investment,” the OECD said.
The OECD has put average annual inflation at 19.2% for 2023. It projected investment volume would contract by 3.5%.