Kopint-Tárki ups 2017 GDP growth forecast to 3.2%


Economic researcher Kopint-Tárki has revised its projection for next yearʼs GDP growth from 2.7% to 3.2% in a quarterly forecast released on Thursday, as reported by Hungarian news agency MTI.

The projection is slightly over the governmentʼs official forecast of 3.1% growth in 2017. At the same time, Kopint-Tárki projects 2.2% economic growth for this year, well under the 2.5% government projection.

Kopint-Tárki projects annual average inflation of 0.4% this year and 2.0% in 2017.

CEO Éva Palócz said next yearʼs growth will be driven by household consumption, which is set to climb up to 5% on the back of wage rises, accelerating from 4.5% this year. Real wage growth could accelerate to 7.8% next year from 7.3% in 2016 in the wake of wage agreements reached between the government, employers and unions, she added.

Kopint-Tárki expects exports to grow by 6.2% this year and by 6.7% in 2017, while imports expand by 6.9% and 7.7%, respectively.  

The current account surplus is seen reaching 8.4% of GDP this year and 8.6% in 2017, which translates to figures of EUR 9.5 billion and EUR 10.2 bln, respectively, according to the MTI report.

Kopint-Tárki puts this yearʼs general government deficit at 1-1.5% of GDP, under the 2% target.


SMEs Augur Higher Sales, Profit Next Year Analysis

SMEs Augur Higher Sales, Profit Next Year

Hungary Open to New Double Taxation Avoidance Treaty With U.... Int’l Relations

Hungary Open to New Double Taxation Avoidance Treaty With U....

Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize Science

Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize

Celebrating Music Music

Celebrating Music


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.