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TAKARÉKBANK RAISES 2019 GDP GROWTH FORECAST TO 4.9%

 

Takarékbank analysts have raised their forecast for this year’s GDP growth to 4.9% from 4.7%, chief analyst Gergely Suppan said at a press conference. Takarékbank raised the forecast in light of strong first-half growth, favourable data on select sectors from July, wage growth, government measures to support families and economic growth, and inflows of FDI, Suppan said. The government’s official projection for GDP growth this year is 4.0%, but Finance Minister Mihály Varga said earlier that higher than expected first-half growth of 5.1% could lift full-year growth to 4.3-4.4%. Takarékbank sees household consumption climbing 4.4% this year. It puts the average annual inflation at 3.4%. The bank augurs a 3.7% GDP growth for 2020.