Equilor ups 2017 GDP growth forecast to 3.7%
Equilor Investment, an independent Hungarian brokerage, raised its projection for GDP growth this year to 3.7% on Tuesday, up from its 3.4% forecast in May, while predicting annual inflation of 2.4% and a budget deficit of 2.2% of GDP.
Similarly to a recent projection of 3.8% GDP growth for 2017 by economic research institute GKI, Equilor始s growth forecast for 2017 is still below the government始s official projection of 4.1%.
Moreover, Equilor始s 2018 forecast of 3.3% growth falls well short of the government始s 4.3% prediction. The firm also sees consumer price inflation increasing to 2.8% next year.
Hungary始s GDP grew 3.6% in the first half of this year, the latest data show.
Andr谩s Sz谩nt贸, director of Equilor始s retail business, was cited as saying by economic news portal vg.hu that although next year sees general elections in Hungary, he does not expect a major jump in the deficit in public finances. He said the budget may turn out better than planned in 2017, with a deficit of 2.2% in proportion to GDP this year, rising to 2.6% in 2018.
For its part, the government has asserted that the deficit target of 2.4% in 2017 can be safely achieved.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Varga Meets With Chinese Business Leaders
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
.jpg)
