Published at: 2017-02-27 10:52 | Author: report
Hungary’s GDP increased by 1.6 percent y-o-y in the last three months of 2016 and by 0.4 percent q-o-q, according to a report prepared by Robertson Hungary.
As a result of declining EU funding, Hungary’s economic growth slowed in 2016. Analysts are forecasting 3-percent growth in 2017. Standard & Poor’s upgraded Hungary’s credit rating in September, putting the country back in investment grade. In the fourth quarter of 2016, inflation increased to 1.8 percent. The Hungarian National Bank’s monetary council didn’t change the base rate, which stands at 0.9 percent.

More information in the report.

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