According to the World Bank, the Hungarian economy will expand by 4.6 percent this year

By: Trademagazin editor Date: 2022. 06. 08. 11:20

According to the World Bank, the Hungarian economy will expand by 4.6 percent this year, 3.8 percent next year, and 3.4 percent in 2024, according to the global economic forecast published by the world organization on Tuesday.

The World Bank has downgraded its forecast for Hungarian growth this year by 0.4 percentage points and next year by 0.5 percentage points compared to its January forecast.

Significantly worse data is expected for the economy of the European (excluding Western Europe) and Central Asian regions, which also include Hungary: the region’s total GDP is expected to fall by 2.9 percent this year and will increase by 1.5 percent in 2023. (MTI)