The Hungarian economy is looking up, according to the EBRD, which has improved its outlook for the country’s GDP growth to 2.8 percent for 2014. This improves upon its most recent predictions that GDP levels would grow by just 1.6 percent. The bank is saying that strong exports are behind the improvement as well as increased spending on EU-backed infrastructure projects as well as compensation foreign exchange borrowers are expected to receive from the banks they borrowed from. However, the EBRD is sober about Hungary’s future, writing that it expects GDP to improve just 2.2 percent in 2015.
