IMF raises GDP growth forecasts for Hungary
The International Monetary Fund (IMF) raised its projection for Hungary始s GDP growth this year by 0.4 of a percentage point to 3.8% in its fresh World Economic Outlook published on Tuesday. The IMF projects growth slowing to 3% in 2019, although this projection, too, was raised by 0.2 of a percentage point.聽
The IMF始s 2018 projection was raised from 3.4% in a forecast released last November. Hungary始s government projects GDP growth of 4.3% this year, noted state news wire MTI.
Following annual average inflation of 2.4% in 2017, the IMF projects inflation rising to 2.7% in 2018, and to 3.3% in 2019. The latter two forecasts represent a 0.5 of a percentage point decrease and 0.3 of a percentage point increase on the November forecasts, respectively.
The current account surplus is set to narrow to 2.5% of GDP in 2018 (compared to 4.2% in the earlier forecast), and to 2.4% in 2019 (down from the 3.2% forecast in November), says the IMF. This compares to the figure of 3.6% of GDP measured in 2017 (adjusted from 4.8%).
The organization sees unemployment falling to 3.8% this year, and to 3.5% in 2019, both significant revisions of the 4.3% figure forecast for both years in November.
ADVERTISEMENT
Hungary PMI Edges up to 47.4 in September
Ukraine Suspends OTP Status on 'Sponsors of War' List
Karik贸 and Weissman Receive 2023 Nobel Prize in Medicine
P谩linka Added to EU-Japan Geographical Indication Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
