World Bank projects faster-growing Hungarian economy

Responding to the World Bank's latest report forecasting the rate of Hungarian economic growth in 2018 at 4.6 percent, 0.5 of a percentage point higher than its June projection, the finance ministry said all major international organisations had upgraded their growth estimates for Hungary. In a statement on Wednesday, the finance ministry referred to the bank's "World Economic Outlook 2019" which suggested the outlook for the global economy "has darkened". The ministry said that in contrast to a global slowdown, Hungary was likely to see a continued run of higher growth thanks to a combination of moderate inflation and low interest rates coupled with expanding consumption, growing market services and the upward investment rate trajectory.