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Hungary: IMF raises GDP forecast to 4% in 2018

Still below the 4.3% estimated by the government

10 October, 15:31
(ANSA) - BELGRADE, 10 OTT - The International Monetary Fund (IMF) has raised its forecast for the growth of gross domestic product in Hungary to 4% in 2018, up from the previous 3.8% estimated in spring. According to the newest IMF 'World Economic Outlook' released on Tuesday, the economic growth in Hungary will decelerate in 2019, when the GDP will grow by 3.3%. IMF estimates show that Hungary is one of the strongest growing economies in the so-called 'Emerging and Developing Europe' area. In 2018, only Poland (4.4%) is forecasted to do better, followed by Romania, Serbia and Hungary (4%), Bulgaria (3.6%) and Croatia (2.8%). The IMF forecast is still lower than the 4.3% growth estimated by the government, local media reported. (ANSA).

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