Hungary’s central bank raises 2021 GDP forecast to 4-6 pc
The National Bank of Hungary expects Hungary’s GDP to grow by 4-6 percent this year, forecasts from its latest quarterly Inflation Report released on Tuesday show.
The central bank had forecast a growth rate of between 3.5 and 6.0 percent in its previous report released in December.
The finance ministry expects GDP to to expand by 4-5 percent this year.
The NBH puts the average annual inflation rate for this year at 3.8-3.9 percent, above the 3.5-3.6 percent range forecast in December.
The central bank sees the economy expanding by 5.0-6.0 percent next year and by 3.5 percent in 2023.
The bank’s forecasts for inflation show CPI at 2.9-3.0 percent in 2022. It left the 2023 inflation forecast unchanged at 3.0 percent.
The NBH noted that the forecast is in a range because of the uncertain economic prospects resulting from the coronavirus pandemic.
Read alsoFour international retail chains leave Hungary due to COVID-19
Source: MTI
please make a donation here
Hot news
Top Hungary news: alcohol ban, collapsed footballer, snow, most expensive hamburger, emergency landing – 17 November, 2024
Will Roman Catholic priests be obliged to report suspected pedophile crimes in Hungary?
PM Orbán’s biggest opponent revealed why food prices are high in Hungary
Wizz Air flight’s emergency landing in Budapest; Hungarian guest workers’ horrific accident
PHOTOS, VIDEO: Budapest’s beloved party tram takes over the nightlife!
PHOTOS: Hungary’s most expensive hamburger, the Hundredbuck$Burger of Szeged
