EC ups Hungary 2018 GDP growth forecast to 3.7%

The European Commission (EC) raised its projection for Hungaryʼs GDP growth this year to 3.7% in a fresh forecast yesterday. The projection was raised from 3.6% in the previous forecast released in November. The EC publishes such forecasts three times a year.

The ECʼs figure compares to the official Hungarian government forecast for GDP growth in 2018 of 4.3%. The EC forecasts 2019 GDP growth at 3.1%, compared to the government forecast of 3.8%, noted state news agency MTI.

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