The European Commission has improved its forecast for Hungarian GDP growth in 2020

The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth in 2020. Brussels estimates that economic growth in Hungary is expected to be 3.2 percent this year, up from the previously estimated 2.8 percent.

The Commission’s Directorate-General for Economic and Financial Affairs forecasts economic change in the second half of last year, which explains the change. At the same time, experts predict that the momentum of growth will fade away as the investment cycle reaches its peak. According to the Commission, growth of only 2.8 percent is expected in 2021, in line with last autumn’s forecast. (MTI)