GKI: GDP outlook worse than expected
Economic outlook for Hungary is negative already in the short term, according to a report by GKI Gazdaságkutató Zrt. published yesterday. GKI researchers forecast 2% GDP growth for 2015, which is 0.5 percentage points lower than the GDP figure presented to the government by the Economics Ministry last week.
The moderate growth is due to less favorable global investor sentiment, especially in the EU, and geopolitical tensions. Private sector consumption will slow down and investments will drop, while government spending will be limited due to external constraints, the researchers said. GKI emphasized the risk of Hungary’s political and potential economic isolation from the rest of the world, due to its political orientation and governing structure.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.