GKI predicts GDP growth on the back of increased investments, supported by a pickup in payouts of European Union funding and strong consumption as drivers of growth.
GKI projects fixed capital formation will grow by 5% next year, after an estimated 10% decline in 2016. It forecasts a 4% increase in personal consumption, slowing slightly from 4.5% in 2016.
GKI is standing by its forecast for GDP growth of 2.0% in 2016.
Hungaryʼs government targets GDP growth of 2.5% this year and 3.1% next year.
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