Hungary's GDP growth to come to 2.2%, inflation to 7.6% in 2007

By: trademagazin Date: 2007. 09. 19. 00:00

The country's GDP is to increase in line with the targets defined in the convergence program, i.e. by 2.2%, according to a release by the Finance Ministry.

Next year, growth will increase by 2.8 %, faster than
forecasted earlier, Minister János Veres said. Veres added that the Ministry's
new inflation prognosis shows similarity with the National Bank's (MNB) own
forecast, which is 7.6% for 2007 and 4.5% for 2008. The Finance Ministry will
not modify its inflation prognosis of 2009 believing that the rate of inflation
is to get back to the 3% band, which again corresponds with MNB's forecast.