GKI raises GDP projection
TOO SMALL
Economic research institute GKI raised its projection for GDP growth this year to 3%, chairman András Vértes said today.
The forecast was raised from 2.5% in June, the last time GKI published its projection.
In 2015, GKI projects economic growth slowing to 2%, in part due to the effect of a HUF 1 trillion burden on banks related to borrowers' relief legislation, Vértes said.
GKI projects the general government deficit will remain under the 3% of GDP threshold in both 2014 and 2015. The state debt as a percentage of GDP will not decrease significantly, according to their report.
GKI foresees average annual inflation at 0.3% in 2014 and 2.5% in 2015.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Magyar Suzuki to Start Dual Training Courses
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
