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GKI raises 2019 GDP growth forecast to 3.4%

Economic research institute GKI has raised its projection for this yearʼs GDP growth to 3.4%, up from 3.2% in a forecast released in December, state news agency MTI reported Monday.

GKI expects EU transfers to continue to grow in 2019, but puts investment growth at only around 5%.

Hungaryʼs government projects the economy will grow 3.9% this year, the latest forecast by the Finance Ministry shows.

Meanwhile, the World Bank expects Hungaryʼs economy to grow by 3.2% in 2019.