ADVERTISEMENT

IMF forecasts 0.2% growth in Hungary for 2013

Analysis

The International Monetary Fund (IMF) projects Hungary’s economy will grow 0.2% this year and 1.3% in 2014 in its fresh world ‘Economic Outlook’ published on Tuesday, state news agency MTI reported. 

The IMF raised the projections from 0% growth for 2013 and 1.2% for 2014 in the previous outlook published six months earlier, but the projections are still under the government’s forecasts for growth of 0.7% in 2013 and 2.0% in 2014.

The IMF said a more protracted recession in the euro zone was a “key risk” for countries with strong intra-European links, such as Hungary. It added that Hungary’s economy was helped by a better harvest this year. The IMF put Hungary’s unemployment rate at 11.3% in 2013 and 11.1% in 2014.

ADVERTISEMENT

Kopint-Tárki raises 2021 GDP forecast to 6.8% Analysis

Kopint-Tárki raises 2021 GDP forecast to 6.8%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.