Economic research institute Kopint-Tárki on Wednesday raised its forecast for Hungary’s economic growth in 2021 to 4.5 percent from its December projection of 3.5 percent.
Éva Palócz, the think tank’s head, said economic growth in 2021 will partly result from a base effect, with a rebound of around 10 percent expected in the second quarter.
In 2022, Kopint-Tárki forecasts GDP growth of 4.5 percent.
The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4.3 percent in its fresh World Economic Outlook published on Tuesday. The projection was raised from 3.9 percent in the previous forecast released last October. Hungary’s economy contracted by 5 percent in 2020. The IMF sees Hungary’s GDP growth rising […]Continue reading
Meanwhile, it expects CPI to accelerate to 3.7 percent this year from 3.3 percent in 2020.