IMF lowers Hungary's 2024 growth forecast, projects modest recovery in 2025


  • World
  • Wednesday, 23 Oct 2024

BUDAPEST, Oct. 22 (Xinhua) -- The International Monetary Fund (IMF) has lowered its growth forecast for Hungary, projecting a 1.5 percent GDP rise for 2024, down from its earlier estimate of 2.2 percent, according to its latest World Economic Outlook published Tuesday.

Forecast for the country's GDP growth for 2025 has also been revised down to 2.9 percent from the previous projection of 3.3 percent.

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