Kopint-Tárki CEO Éva Palócz noted that Hungaryʼs first-quarter GDP growth had decelerated to 0.9%, putting it behind its peers in the region and also among the slowest growers in the EU.

Kopint-Tárki had previously projected GDP growth of 2.4% for 2016 and 2.9% for 2017.

Hungaryʼs government has said it is expecting GDP growth of 2.5% this year and 3.1% next year.

Kopint-Tárki made its forecast with support from national business association VOSZ.