Hungary’s GDP growth to come to 2.2%, inflation to 7.6% in 2007
The country’s GDP is to increase in line with the targets defined in the convergence program, i.e. by 2.2%, according to a release by the Finance Ministry.
Next year, growth will increase by 2.8 %, faster than forecasted earlier, Minister János Veres said. Veres added that the Ministry’s new inflation prognosis shows similarity with the National Bank’s (MNB) own forecast, which is 7.6% for 2007 and 4.5% for 2008. The Finance Ministry will not modify its inflation prognosis of 2009 believing that the rate of inflation is to get back to the 3% band, which again corresponds with MNB’s forecast. (Gazdasági Rádió, Napi Gazdaság)
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.