MNB cuts 2015 investment growth forecast to 2.2%
The National Bank of Hungary (MNB) reduced its projection for investment growth this year to 2.2% from the previous 5.2%, according to its quarterly Inflation Report published today.
The MNB noted that gross fixed capital formation had decreased in the first quarter, mainly because of a fall in public sector investments after the utilization of European Union monies peaked during the 2007-2013 funding cycle wind up.
The MNB projected investments would decline by 2.1% in 2016, even more than the 1.2% drop forecast in the previous Inflation Report.
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.