Hungary’s economy is expected to maintain its position in the top third of the World Economic League Table over the next decade and a half.
The Centre for Economics and Business Research (CEBR), one of London’s most respected economic and business analysts, publishes its World Economic League Table (WELT) forecast for the next decade and a half at the end of each year, based on the ranking of the world’s economies in terms of GDP at current prices, Index.hu news portal reported.
According to CEBR’s long-term forecast, the Hungarian economy will be ranked 58th in the 190-country ranking in terms of GDP in dollar terms this year, and this position will not change until the end of the one-and-a-half decade forecasting period. T whe company still expects Hungary to be ranked 58th in the WELT ranking by 2037.
CEBR calculates that the average annual growth rate of the Hungarian economy will be 2.5 percent from 2022 until the end of the forecast period until 2037, which means that nominal Hungarian GDP in current dollar terms will rise from 168 billion dollars in 2022 to 391 billion dollars in 2037.
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