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GKI raises 2019 GDP growth forecast to 3.5%

Economic research institute GKI has raised its projection for this yearʼs GDP growth to 3.5%, up from 3.4% in a forecast released in January, according to a report by state news agency MTI.

The projection is under the governmentʼs latest forecast for growth of 3.9%.

GKI expects European Union transfers to continue to grow this year, but puts investment growth at only around 7%, albeit up from its previous forecast of around 5%.

Last year, investment volume in Hungary was up 17%.