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GKI reduces growth forecast

GKI Economic Research Rt has dropped its GDP growth forecast for this year from previous 3.8% to 3.5%, news portal reported based on information by the Hungarian News Agency (MTI). According to latest figures, inflation will be 3.8% this year, researchers predicted 4% in March. The consolidated deficit of the budget can be 4% of the GDP, but the balance improvement is only symbolic, as the cash flow deficit makes up to 5.3% of the GDP. According to the forecast, state debt will continue to stay at 58% of the GDP.