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IMF Predicts 2.9 pc Hungary GDP Growth for 2021

MTI-Hungary Today 2019.11.06.

The International Monetary Fund (IMF) is predicting Hungary’s GDP could grow by 2.9 percent in 2021, the organisation said on Wednesday in its November 2019 Regional Economic Outlook report for Europe.

The IMF said inflation could reach 3.3 percent in 2021.

The IMF reiterated its earlier forecasts of a 4.6 percent Hungarian GDP growth for 2019 and a 3.3 percent growth in 2020 as well as an inflation prediction of 3.4 percent for both years.

Official IMF Staff Finds Hungary’s Economic Growth to ‘Exceed Expectations’

The government’s official forecast for 2019 GDP growth is 4.0 percent based on the spring update of Hungary’s Convergence Programme, but Finance Minister Mihaly Varga said after Q2 data released at the end of August showing higher than expected growth, that the full-year figure could reach 4.3-4.4 percent.