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GKI sees Hungary’s economy returning to normal 2008-2010

Hungary’s economy will return to a normal and sustainable path between 2008 and 2010 as investments expand at a faster rate than GDP growth but consumption grows at a slower rate, according to the latest prognosis for the private sector by economic think tank GKI.

GKI puts average GDP growth at 3.1% in 2008-2010, chairman András Vértes said. It sees consumption rising an annual 2.0-2.5% during the period and investments climbing 7.0-7.5%.

GKI projects inflation of 4.6% in 2008-2010, slowing by 2010 to approach the EU average. Hungary could meet the Maastricht criteria for adopting the euro in 2010 or 2011, Vértes said. (MTI-Econews)