EBRD: Hungary’s GDP growth forecast at 2.4%
The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary's GDP growth this year to 2.4%, from the 2.2% originally predicted in September, in its fresh Regional Economics Prospects report published today.
According to the report, GDP growth for the country accelerated significantly to an estimated 3.2% in 2014, partly due to the faster disbursement of European Union funds and a rise in households' disposable income caused by government-mandated utilities price cuts. EBRD noted that these factors are no longer relevant this year, while the external environment has deteriorated and a fiscal tightening "is imminent" in part because of the need to finance planned asset acquisitions.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.