OECD raises Hungary GDP growth forecasts

The Organisation for Economic Co-operation and Development (OECD) raised economic growth forecasts for Hungary in its biannual Economic Outlook released on Tuesday. The OECD raised its growth forecast for this year to 3.9 percent from 3.8 percent in the previous Economic Outlook released in June, and raised its 2018 forecast to 3.6 percent from 3.4 percent. It forecast economic growth at 2.8 percent in 2019. The OECD said Hungary's economic growth would continue to rely on domestic demand. Public infrastructure spending will benefit from European Union funding and business investment from cheap credit, it added.