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Dec 19, 2018

NBH says Hungary could see economic growth peak at 4.7 percent in 2018

The National Bank of Hungary has said that its quarterly Inflation Report due on Thursday could see economic growth peak at 4.7 percent in 2018, higher than the 4.4 percent forecast predicted earlier

The National Bank of Hungary has said that its quarterly Inflation Report due on Thursday could see economic growth peak at 4.7 percent in 2018, higher than the 4.4 percent forecast predicted earlier.

According to MTI, the NBH is also projecting 2.8 percent inflation in 2018, unchanged from the September edition of its Inflation Report.

The central bank is also sticking to its forecast for next year’s economic growth, projecting a rate of 3.5 percent, but it lowered its expected inflation rate by 0.2 percentage points to 2.9 percent.

The figures show that the NBH expects 3 percent inflation and 3 percent GDP growth in 2020, both in line with its previous forecast.

In a first set of projections NBH also said that inflation and GDP could both grow by 3 percent in 2021.