In its latest World Economic Outlook, the International Monetary Fund (IMF) has raised its forecast for GDP growth in Hungary for this year to 7.6 percent.
According to MTI, the forecast was raised from 4.3 percent in the previous WEO published in April. Finance Minister Mihály Varga has said GDP growth could reach 7-7.5 percent this year. Meanwhile, the IMF lowered its forecast for GDP growth in 2022 to 5.1 percent from 5.9 percent while bumping up its forecast for annual average inflation in Hungary this year to 4.5 percent from 3.6 percent.
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