BUDAPEST (Reuters) – Hungary’s inflation could peak in January or February at 25-27% year-on-year while 2023 inflation could come in at 15-16%, Minister of Economic Development Marton Nagy was quoted as saying on Thursday by state news agency MTI.
The government aims for a 3.5% budget deficit for next year, down from 4.9% this year, while it expects GDP growth to decline to 1.5% in 2023 from an estimated 5% in 2022, Nagy said at a conference in Budapest.
(Reporting by Anita Komuves, editing by Alan Charlish)
