The 2022 GDP growth forecast was raised from 3.5% in the EBRD's previous Regional Economic Prospects report released in May.
Hungary's first-half GDP climbed 7.3%.
"Private sector investments, especially those by automotive manufacturers, will add to GDP growth and employment in the coming years, but the deteriorating outlook, including potential new energy supply disruptions, will weigh on economic activities," EBRD said in the report's section on Hungary.
EBRD said reduced supplies of gas from Russia and mounting inflation worldwide will slow economic growth further next year in regions where it operates.
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