The International Monetary Fund has lowered its projection for economic growth in Hungary this year to 2.0pc in its fresh World Economic Outlook from 2.3pc in the previous outlook released in April. The projection is under the government’s official forecast for 2.5pc growth. Hungary’s GDP grew 1.9pc in the first half, the latest data from the Central Statistical Office show. The IMF projects the GDP growth rate will pick up to 2.5pc in 2017, unchanged from the previous forecast. The government targets 3.1pc growth next year. “Hungary is estimated to be growing faster than potential and is projected to return to more sustainable rates of growth over the medium term,” the IMF report noted. It forecast consumer prices will edge up 0.4pc this year, against a 0.5pc forecast in April. The current-account surplus is seen reaching 4.9pc of GDP this year, down from 5.4pc seen in April. The surplus is expected to narrow to 4.6pc of GDP in 2017. The IMF projects Hungary’s unemployment rate will be 6.0pc this year and 5.8pc in 2017.