Analysts lower Hungarian GDP growth forecast in 2022

Analysts of Takarรฉkbank and Magyar Bankholding lowered their forecast for GDP growth in 2021 to 6.9 percent from 8 percent, the lender said on Friday.

The analysts also adjusted their economic growth forecast for 2022, to 6 percent from 7 percent, mainly due to the global semiconductor shortage.

At a weekly press briefing in January, the prime ministerโ€™s chief of staff Gergely Gulyรกs said Hungaryโ€™s economy expanded by 6.5-7.0 percent last year.

The Finance Ministryโ€™s official forecast for 2021-2025, released in December, puts this yearโ€™s GDP growth at 5.9 percent.

Takarรฉkbank analysts saw annual inflation at 5.5 percent this year, quickening from 5.1 percent in 2021. They also reckoned that the central bank may raise the base rate to 4 percent in the first quarter.

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Source: MTI

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