EY raises projection for GDP growth

Ratings

Consultancy EY has raised its projection for GDP growth in Hungary this year to 3.3% from 2.9% in a quarterly forecast.

Hungary's growth is based on favourable monetary policy, the positive outlook for the global economy and increasing household consumption, among other factors, according to the EY forecast. Risks to growth include a weaker forint, the prospect of fiscal tightening and global political factors. Hungary's government projects GDP growth of 3.1% for this year.

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