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PÉNZÜGYKUTATÓ FORECASTS GDP GROWTH OF 3.7% THIS YEAR

 

Economic research company Pénzügykutató expects Hungary’s GDP growth to slow to 3.7% in 2019, researcher Éva Várhegyi said. Pénzügykutató attributes the slowdown to adverse changes in the external environment, growing tensions in the global economy, and major difficulties facing Europe, the market for 80% of Hungary’s exports, with Germany’s economic growth projected at close to 1%. Várhegyi said the institute projects full-year inflation of 3.2% and twelve-month inflation of 3.3% at the end of the year. The forint/euro exchange rate will be 318 forints (EUR 1.01) on average in 2019, she added.