The favorable international economic environment can improve the sustainability of growth in Hungary

The improving international economic situation can have a positive impact on the external conditionality of the economic growth in Hungary. It can improve the Hungarian economic growth sustainability – the National Economy Ministry (NGM) commented on the latest report of the International Monetary Fund (IMF).

According to IMF’s latest World Economic Outlook (WEO) the global growth prospects are uneven across major economies. In advanced economies, growth is projected to strengthen in 2015 relative to 2014, but in emerging market and developing economies it is expected to be weaker.
Overall,the global growth is forecast at 3.5 percent in 2015 and 3.8 percent in 2016, broadly the same as last year. (MTI)