OECD sees 2% GDP growth in Hungary in 2008
Hungary’s economy will grow by 2.0% in 2008 and 3.1% in 2009, up from 1.3% in 2007, the OECD’s spring forecast published on Wednesday said.
The OECD predicted that the public finance deficit would shrink to 4.1% of gross domestic product (GDP) in 2008 from 5.5% in 2007. It said inflation would fall to 6.3% this year and 3.7% next year. The OECD forecast Hungary to have a jobless rate of 7.7% in 2008 and 7.6% in 2009. (MTI)
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