IMF acknowledges results of Hungary's fiscal discipline policy
The IMF’s latest forecast puts Hungary’s GDP growth at around 5% for 2022, making it one of the fastest-growing economies in the region.
The IMF’s latest forecast puts Hungary’s GDP growth at around 5% for 2022, making it one of the fastest-growing economies in the region.
The IMF has bumped up its projection for Hungary’s economic growth in 2022 to 5.7%, among the highest in the region.
The IMF has revised its forecast of Hungary’s economic growth to 6.2 percent in 2021 and the EBRD raised its GDP growth projection to 5.5 percent.
Significant policy support, a successful vaccination campaign, a trade recovery, and the disbursement of EU funds will greatly contribute to Hungary’s economic rebound, according to the IMF.
The IMF projects Hungary’s GDP growth at 4.9 percent this year and the economy will expand by 3.5 percent next year.
Within its November 2019 Regional Economic Outlook report for Europe, the IMF said inflation could reach 3.3 percent in the same year.
The International Monetary Fund (IMF) has raised its projection for Hungary’s GDP growth to 4.6 percent this year in its fresh World Economic Outlook.
Péter Novoszáth writes that Hungary will have a balanced budget in 2020, which shows how far the economic policy of the current government has taken the country in the past nine years.
The monetary fund sees the unemployment rate dropping to 3.5 percent in 2019 and to 3.4 percent in 2020
In a new report, the IMF said it considers Hungary’s 2018 growth prospects strong and next year’s draft budget reassuring
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
IMF's move supports international economic institutions and analysts who acknowledge that Hungary’s pro-growth economic policy, based on tax cuts and wage hikes, has been effective
Lately, Central Europe has become the driving force behind the European Union’s economic development. In the third quarter of this year, the EU’s economy expanded by 2.5 percent while Hungary’s GDP grew by 3.6 percent, and the V4 as a whole have been out-performing much of the rest of the EU.