Kopint-Tarki acknowledged that first-quarter GDP had beat expectations and real wages were on the rise, but augured more restrained consumption during the rest of the year.
Investments could pick up at year-end with the arrival of Hungary’s European Union funding, but industrial output is likely to remain challenged by the negative impact of global developments, it added.
Kopint-Tárki forecast average annual inflation of around 2% and put the budget deficit at 6-7% of GDP.
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