Szazadveg raises 2019 GDP growth forecast to 4.8 pc

Economic research company Szazadveg raised its projection for this year's GDP growth to 4.8 percent in a forecast released on Monday from 4.3 percent in a projection published in June. The government's official forecast for 2019 GDP growth is 4.0 percent, but Finance Minister Mihaly Varga said after a release of Q2 data showed higher than expected growth that the full-year figure could reach 4.3-4.4 percent. Hungary's GDP was up 5.1 percent year-on-year in the first half.