EC raises Hungary GDP growth projections

The European Commission raised its projections for Hungary's GDP this year and next to 4.3 percent and 3.4 percent, respectively, in a biannual forecast released on Thursday. The EC raised the projection for 2018 from 4.0 percent and the one for 2019 from 3.2 percent in a forecast published in the spring. From this year, the EC reverted to publishing two comprehensive forecasts, in the spring and the autumn, and two interim forecasts, in the winter and summer. The official government forecasts for GDP growth are 4.3 percent for 2018 and 3.8 percent for 2019.