GDP is Expected to Grow by 1.5 pct, Says Kopint-Tarki

Kopint-Tarki, a leading thinktank in Hungary has revised its previous forecast about the central budget deficit and GDP.

Kopint-Tarki, a leading thinktank in Hungary has revised its previous forecast about the central budget deficit and GDP. The earlier growth rate of 0.8pct could even reach 2pct, although the expected rate will be around. 1.5pct. The budget deficit will be 0.3 pct lower than the forecasted 4.5pct; the forex rate of the euro will be around HUF 280 . Inflation will rise to 5pct in 2010, but only 3.4pct in 2011.