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EC raises Hungary 2021 GDP growth forecast to 5%

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The European Commission projects Hungary's GDP will climb 5% this year in a spring economic forecast published on Wednesday, according to a report by state news wire MTI.

The projection was raised from 4% in the EC's winter forecast released in February.

Hungary's government puts 2021 GDP growth at 4.3%.

The EC's fresh projection for average GDP growth for the European Union is 4.2%.

The EC augurs Hungary's economy will expand 5.5% in 2022.

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