CIB: GDP could grow by 4-5 percent this year

By: Trademagazin editor Date: 2022. 06. 01. 11:20

The Hungarian economy may expand at a rate of 4-5 percent this year, despite the expected inflation rate of around 10 percent, a senior analyst at CIB Bank told at a news conference in Budapest on Wednesday.

CIB Bank expects Hungarian economy to grow by about 4-5 percent

Mariann Trippon noted that the war in Ukraine and the emergency measures introduced in the event of an emergency have fundamentally rewritten this year’s macroeconomic trajectory, with the outlook marked by greater uncertainty than usual. In the structure of growth in 2022, consumption will be the main driving force, she indicated. (MTI)