MNB projects steeper fall in investments for 2016

Conferences

The National Bank of Hungary sees investments growing at a faster rate this year than earlier expected, but it projects an even steeper fall for next year in its quarterly Inflation Report published today.

The MNB raised the forecast for growth in gross fixed capital formation in 2015 to 2.7% from 2.2% in the previous report published in June.

Investments by the government and quasi-fiscal sectors using EU funds expanded, while the performance of the corporate sector producing for domestic and export markets decreased in the second quarter, and households’ investment activity remained unchanged, the MNB said.

The MNB projected investments would decline by 3.2% in 2016, even more than the 2.1% drop forecast in the previous report.

Investments showed marked growth of 11.7% in 2014 as utilization of European Union monies peaked when the 2007-2013 funding cycle wound up.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.