The bank said the fourth wave of the coronavirus pandemic and the emergence of new virus variants had increased the risks surrounding Hungary's economic recovery.Continue reading
Economic research firm Kopint-Tárki has lowered its forecast for 2021 GDP growth to 6.1 percent from 6.8 percent in a projection released in the autumn, the firm’s chief executive Éva Palócz said on Wednesday.
Finance Minister Mihály Varga said last week that this year’s GDP growth was targeted at 6.0-6.5 percent.
Kopint-Tárki forecast average annual inflation at 5.5 percent this year, higher than 5.1 percent projected by the National Bank of Hungary (MNB).
featured image illustration via Tamás Vasvári/MTI