This year’s inflation is forecast to come around 0% and rise by approximately 1.4-1.8% next year, the report says. CIB said it expects the Hungarian government’s deficit to GDP ratio to come above the governmentʼs target of 2.4%, reaching 2.6%.
The National Bank of Hungary could leave its 1.35% base rate unchanged in 2016, but continue with other, non-traditional methods of monetary easing, said CIB, according to MTI.
CIB expects economic growth to slow based on one-off effects, lower levels of European Union funding and weaker private investment, MTI reported, adding that rising consumption and the surplus of foreign trade will not be able to wholly offset lower investment figures.
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.
