The IMF has confirmed Hungary’s GDP growth and inflation forecast

By: Trademagazin editor Date: 2021. 10. 20. 11:42

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Hungary could achieve the third highest economic growth in the European Union this year, according to the October revised report of the International Monetary Fund (IMF) presented on Wednesday.

The IMF expects 7.6 percent economic growth from Hungary

In its European regional growth forecast published on Wednesday, the IMF confirmed that Hungary’s gross domestic product (GDP) will grow by 7.6 percent after a 5 percent decline last year.

The figure is in line with the IMF’s estimate in its global economic outlook published on October 12, when it improved its forecast for Hungary’s GDP growth this year by 3.3 percentage points compared to its April expectations. (MTI)