EBRD forecasts annual economic growth for Hungary of 0.4% this year
The EBRD sees Hungary’s GDP growth picking up to 3.5% in 2024 as external demand improves and real incomes recover.
The EBRD sees Hungary’s GDP growth picking up to 3.5% in 2024 as external demand improves and real incomes recover.
The finance minister said the EBRD was set up in 1991 to help central and eastern European economies recover after the collapse of Communist regimes in the region.
The forecast was raised from 5.5 percent in the previous report, published in June.
After Q2 data released at the end of August showed higher than expected growth, Mihály Varga said the full-year GDP figure could reach 4.3-4.4 percent.
In its Regional Economic Prospects, the EBRD upwardly revised a former prediction on Hungary’s economic growth for this year by 0.4 points to 3.8 percent GDP
The operator of Liszt Ferenc International Airport will receive the funds as part of a 1.32 billion euro financial restructuring package
Hungary and Central Europe must face up to the phenomenon of “wage pressure”: the fact that political reality and economic development demand higher wages, the PM said
Economic growth expected at 2.5 percent this year and lending should grow at an even faster pace