World Bank Raises Hungary GDP Forecasts

  • 11 Jan 2018 7:58 AM
World Bank Raises Hungary GDP Forecasts
The World Bank Group has forecast Hungarian economic growth of 3.9% in 2017 and 3.8% this year. In the bank’s latest Global Economic Prospects report released on Wednesday the 2017 forecast was bumped up by 0.2 percentage points while the 2018 and 2019 forecasts were each raised by 0.1 percentage point.

But the bank expects Hungary’s economy to slow to 3.1% in 2019 and to 2.9% the following year.

The Economy Ministry reckons economic growth will have reached an annual 4.1% in 2017 and will grow further to 4.3% in 2018 before slowing to 3.8% in 2019 and to 3.7% the following year.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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