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GKI Raises 2019 GDP Growth Forecast to 4 pc

MTI-Hungary Today 2019.06.03.

Economic research institute GKI has raised its projection for this year’s GDP growth to 4.0 percent on the strong first-quarter GDP growth data from 3.5 percent in a forecast released in March.

The projection is level with the government’s latest forecast for growth of 4.0 percent.

GKI expects European Union transfers to continue to grow this year and puts investment growth at around 13 percent, up from its previous forecast of around 7 percent.

Last year, investment volume in Hungary was up by 17 percent.