Forecast for 2020

The growth rate of Hungary’s GDP accelerated to around 5 per cent in 2018 and 2019, one of the fastest in the EU. Thus, the Hungarian growth rate exceeded all prognoses, including those of the EU and GKI.
The rapid growth can be attributed to the surge in EU transfers and the previously favourable global economic boom and later the improvement in industrial output and outstanding services exports as well as the measures stimulating domestic demand, including wage agreements and tax cuts. GKI underestimated the investment and export potential of the business sector.

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The archive of earlier forecasts is available here.