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IMF RAISES GDP GROWTH FORECAST FOR HUNGARY

 

The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 3.6% in its fresh World Economic Outlook. The projection was raised from 3.3% in a forecast released last October, but is still under the government’s latest forecast for 3.9% growth. The IMF sees Hungary’s GDP growth slowing to 2.7% in 2020. The IMF projects average annual inflation will pick up to 3.2% in 2019, before edging back to 3.1% in 2020. It sees the unemployment rate dropping to 3.5% in 2019 and to 3.4% in 2020. The current account surplus is set reach 0.5% of GDP in 2019, level with last year, before widening to 0.6% in 2020.