Gov’t raises 2015 GDP growth projection to 3.1%
The Hungarian government has raised its projection for GDP growth this year from 2.5% to 3.1%, state secretary Péter Benő Banai said on public television last week, according to Hungarian news agency MTI.
The projection was raised in light of favorable data, which was recently released, Banai said. The change coincided with the cabinetʼs submission of Hungaryʼs updated Convergence Program to the European Commission, he added. National Economy Minister Mihály Varga said late in March that economic growth could reach 2.8%-2.9% this year.
The updated Convergence Program, published on the website of the EC late Thursday, shows Hungaryʼs GDP reaching 2.5% in 2016, 3.1% in 2017 and 2.9% in 2018, while the general government deficit, as a percentage of GDP, could reach 2.4% this year, then narrow to 2.0% in 2016, 1.7% in 2017 and 1.6% in 2018
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.