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EU Commission Raises Hungary 2019 GDP Forecast to 4.4 percent

MTI-Hungary Today 2019.07.10.

The European Commission has raised its projection for Hungarian economic growth this year to 4.4 percent from 3.7 percent.

The growth projection contained in its quarterly forecast released on Tuesday is above the government’s target of 4 percent.

In the first quarter, the economy grew by an annual 5.3 percent.

The commission has left its forecast for growth next year unchanged at 2.8 percent.

It sees average annual inflation of 3.2 percent in both 2019 and 2020.

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The commission’s next economic forecast will be published in November.