EBRD: Central European EU economies perform better than expected

The European Bank for Reconstruction and Development (EBRD) has improved in its comprehensive autumn prognosis for the forecasts of the growth rates of the central and eastern European economies, including the Hungarian economy.

The financial institution founded in 1991 to finance the transformation of the Central and Eastern European economies and to help the transformation of the former Soviet area expects a 4.3 percent increase this year and 3.3 percent increase in 2019.

The financial institution improved significantly its estimated domestic and total GDP growth rate this year and next year by 0.5 and 0.3 percentage points compared to its previous forecast, issued in May. (MTI, Kertész Róbert)