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Apr 10, 2019

IMF raises Hungary's GDP growth forecast to 3.6 percent

The monetary fund sees the unemployment rate dropping to 3.5 percent in 2019 and to 3.4 percent in 2020

The International Monetary Fund (IMF) has raised its projection for Hungary’s GDP growth this year to 3.6 percent.

In its fresh World Economic Outlook, the IMF sees Hungary’s GDP growth slowing to 2.7 percent in 2020.

The IMF projects average annual inflation will pick up to 3.2 percent in 2019, before edging back to 3.1 percent in 2020.

The monetary fund sees the unemployment rate dropping to 3.5 percent in 2019 and to 3.4 percent in 2020.

Finally, the current account surplus is set reach 0.5 percent of GDP in 2019, level with last year, before widening to 0.6 percent in 2020.