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IMF lowers Hungary 2024 GDP growth forecast to 2.2 percent

The International Monetary Fund (IMF) projected Hungary's GDP would grow by 2.2 percent this year in its latest World Economic Outlook released on Tuesday.

The forecast was lowered from 3.1 percent in the previous WEO published in October.

The IMF puts average annual inflation in Hungary at 3.7 percent, down from 17.1 percent in 2023.

It projects a current account deficit equivalent to 0.2 percent of GDP for 2024.

The unemployment rate is set to reach 4.4 percent.

For 2025, the IMF puts GDP growth at 3.3 percent and average annual inflation at 3.5 percent.

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