The MNB expects modest GDP growth this year

By: Trademagazin editor Date: 2020. 06. 25. 11:45

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According to the central bank’s forecast, gross domestic product (GDP) may grow at a modest pace in 2020, between 0.3 and 2.0 percent, GDP growth next year will be 3.8-5.1 per cent, while in 2022 it will be 3.5 – 3.7 percent.

In contrast to previous crisis periods, Hungary’s growth surplus relative to the eurozone will remain forward-looking – Balatoni András, Governor of the Magyar Nemzeti Bank (MNB), at an online press conference presenting the central bank’s June Inflation Report in Budapest on Thursday. (MTI)