Pénzügykutató projects 2.4% GDP growth for 2015
DO NOT USE TOO SMALL
Pénzügykutató expects Hungaryʼs GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said in a forecast released Wednesday, Hungarian news agency MTI reported.
The projection is well under the governmentʼs latest forecast for growth of 2.8%-2.9%. Hungaryʼs GDP rose 3.6% last year. Pénzügykutató said the general government deficit would remain under the 3%-of-GDP threshold, but achieving the 2.4% target could require cancelling budget reserves and new measures on the revenue side.
State debt is expected to drop to 76.2% of GDP by year-end from the 76.9% recorded at the end of last year. Average annual inflation is projected to reach -0.4% down from 2014’s -0.2%. The National Bank of Hungary could reduce the base rate as much as 1.60%, said Pénzügykutató researcher Éva Várhegyi.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.