Kopint-Tárki decreases GDP growth projection for 2015 to 3%

Recycling

Hungaryʼs GDP growth projection for this year has been scaled down to 3% from Julyʼs 3.2% by economic research institute Kopint-Tárki, which is under the official government forecast of 3.1%.

However, for the next year the economic research institute raised its projection from 2.4% to 2.5% GDP growth.

They cut their forecast for average annual inflation to minus 0.1% from 0.5% for 2015 and to 1.7% for next year from the 2.6% projected in July, managing director Zoltán Ádám told journalists today, according to Hungarian news agency MTI.

The researchers consider the 2.4%-of-GDP official government deficit target for 2015 attainable and project a 2.2% deficit ratio for 2016, MTI added.

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.