EY: GDP growth to slow down in 2015
EY (formerly Ernst and Young) expects the Hungarian GDP to grow 3.2% this year and continue to grow in the coming years, albeit at a more moderate pace, atv.hu reported on Thursday.
Growing consumer confidence, consumption and positive employment trends were key drivers of the economy in 2014 according to the audit firm. Lower external demand and government expenditure may slow the economy to 2.5% in 2015 and 2.3% in 2016, according to the report.
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.