Szazadveg raises Hungary GDP growth forecasts

Economic research institute Szazadveg raised its projections for GDP growth in Hungary to 4.3 percent for 2019 and 3.7 percent for 2020 in a fresh forecast released on Wednesday, but did not rule out a 5 percent growth rate for this year. The projections for 2019 and 2020 were raised from 3.9 percent and 3.5 percent, respectively, in a forecast released by the think-tank in March. Inflation is set to reach 3.5 percent in 2019 and 3.2 percent next year. The unemployment rate is seen declining over the coming 18 months and is expected to fall to 3.4 percent this year and 3.2 percent in 2020, Szazadveg said.