MNB raises forecasts for 2017 household consumption, investments

Analysis

Image by Shutterstock.com

The National Bank of Hungary (MNB) raised its forecasts for growth of household consumption and investments next year to 3.6% and 4.8%, respectively, in a quarterly report released today, Hungarian news agency MTI reported.

The forecasts in the fresh Inflation Report were raised from 2.8% for household consumption and 4.1% for investments in the previous report published in March. 

In spite of the higher projections, the MNB left its forecast for next yearʼs GDP growth unchanged at 3%. 

The MNB raised its forecast for household consumption growth this year to 4.3% from 3.5%. But it knocked down its projection for investments to a contraction of 2% from 0.3% growth forecast in March.

ADVERTISEMENT

Czech economic confidence weakens in July Analysis

Czech economic confidence weakens in July

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.