BusinessEurope forecasts 1.3% GDP growth in ’14
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Add another to the list of groups expecting decent GDP growth for Hungary in 2014: According to news service MTI, “Brussels-based business-lobby group BusinessEurope forecasts GDP growth of 1.3% in Hungary in 2014, the organization announced on Wednesday.”
The group forecast inflation to be 2.5% and unemployment 10.8% for the coming year.
Last week, JP Morgan analysts and the European Bank of Reconstruction and Development (EBRD) jumped previous forecasts for Hungarian GDP in ’14; the former now predicts a 2.0% increase, with the latter figuring on a 1.2% uptick.
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