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Finance Minister Expects 4.8 percent GDP Growth for 2019

MTI-Hungary Today 2019.12.02.

Hungary’s economy is expected to grow by 4.8 percent this year, Finance Minister Mihály Varga told a news conference on Monday.

The Central Statistical Office (KSH) forecasts Hungary’s economy growing by an annual 5.1 percent in the first three quarters, based on unadjusted data.

Hungary’s updated Convergence Programme planned GDP growth for 2019 at 4.0 percent.

Hungary’s economy is likely to grow by around 4 percent next year, Varga said after attending a meeting of the National Competitiveness Council, a body of business leaders and professionals that makes recommendations to the government.

In the featured photo: Finance minister Mihály Varga. Photo by Szilárd Koszticsák/MTI