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EC raises Hungary 2019 GDP growth forecast to 4.6 pc

November 7th, 2019

The European Commission raised its projection for Hungary's GDP growth this year to 4.6 percent from 4.4 percent in a quarterly forecast released on Thursday. The government's official projection for GDP growth this year is 4.0 percent, but Finance Minister Mihaly Varga said earlier that higher-than-expected first-half growth of 5.1 percent could lift full-year growth to 4.3-4.4 percent. The EC left its forecast for next year's GDP growth unchanged at 2.8 percent. It put GDP growth in 2021 at 2.8 percent.


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