Hungary’s economy is set to grow 2-2.5% this year, but the rate of expansion could accelerate to 4% in 2012, K&H Fund Manager’s Tibor Zámbó said at an investors club event on Tuesday.
The government targets GDP growth of 3% in 2011. The National Bank of Hungary puts growth at 2.9% in 2011 and 3% in 2012.
Hungary’s industrial sector is likely to grow on the back of a pick-up in Germany, where GDP growth could reach 3-3.5%, Zámbó said.
K&H Fund Manager manages about HUF 800 billion in assets, including HUF 650 billion in its own funds.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
