TakarékBank analysts predict GDP growth

MNB

TakarékBank analysts project 3.1% GDP growth this year and 2.4% growth for 2015, and expect accelerating economic growth and the projected strengthening of the forint to help decrease the government debt as a percentage of the GDP in the next two years, TakarékBank department head András Oszlay said today.

The bank's analysts believe the government debt could fall to near 77.5% by the end of 2015.

Oszlay said the central budget deficit is expected to stay below 3% of GDP both in 2014 and in 2015, but in 2014 this could require using up the general reserves of HUF 100 bln.

The bank's analysts predict average inflation of just 0.2% this year, adding that twelve-month inflation could only exceed 1% in December.

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