GKI projects slower economic recovery
Photo by Feng Yu / Shutterstock.com
Economic research institute GKI knocked down its projection for next year's GDP growth to 3.7% in a forecast released on Wednesday from 4.5% in one published in September, according to a report by state news wire MTI.
GKI lowered its forecast for investment growth to 4% from 7%. It projects a 5% expansion in the construction sector, well under the earlier forecast growth of 8%.
The institute expects the economy to contract by 6% this year, close to the Finance Ministry's projection for a 6.4% decline in GDP.
ADVERTISEMENT
ÁKK Sells HUF 60.5 bln of Bonds at Auction, Double Plan
Orbán's Salary Increased to HUF 4.178 mln
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
