Finance ministry of Hungary expects 4.3 pc GDP growth in 2018

The finance ministry has calculated that GDP growth could reach 4.3 percent for the full year, Agnes Hornung, the ministry’s state secretary, said on public television news channel M1 on Wednesday.

Hungary’s second-quarter GDP rose by an annual 4.6 percent, faster than expected, she said.

The state secretary attributed the Q2 growth figure to growing service output and household consumption that was backed up by the good performance of agriculture and industry.

Hungary’s government officially targets full-year GDP growth of 4.3 percent.

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As we wrote end of July, German car manufacturer BMW is to build an over 1 billion euro factory for the production of conventional and electric cars in the eastern Hungarian city of Debrecen, read more HERE.

Source: MTI