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EBRD RAISES HUNGARY GDP GROWTH FORECAST

 

The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Hungarian economic growth this year to 3.7% from 3.3% in its previous estimate released in November. The EBRD economic outlook for Hungary is below the government’s target of 4% growth contained in its updated Convergence Programme, and it sees a slowdown to 2.9% in 2020.