The Hungarian Gross Domestic Product grew 4.8 percent last year, out-performing the expectations analysts had mid-year of just 4.5 percent. The performance is being chalked up to the government’s pro-growth monetary policy, though there are concerns that this is igniting wage inflation. The Hungarian National Bank has adhered to a strategy of stimulus by maintaining low interest rates, claiming it will bring about faster growth. According to the Central Office of Statistics, last year’s GDP growth was nearly three times the European Union average. Official growth expectations for 2019 are more sober, with just 3.5 percent growth anticipated, but this is still two points higher than the EU average.
