The International Monetary Fund’s (IMF) has revised and raised its projection for Hungary’s Economic GDP growth rate for 2021, to 6.2 %.
This is an updated, increased forecast from 4.3 % announced earlier this year in April. This comes in at almost an extra 2 % projected GDP growth rate for this year.
During April of this year, the IMF projected that Hungary’s Gross Domestic Product (GDP) growth would be expected to rise to 5.9 % in 2022. Its to be expected that the IMF will also sometime soon provide an updated projection for Hungary’s economic growth for next year – 2022.
The IMF predicts that average annual inflation will pick up to 4.1 % this year before decreasing to around 3.5 % in 2022.