Hungary's GDP will be around 1pct – GKI

According to GKI Economic Research Co. and Erste Bank, the rate of growth will be around 1pct due to the rapid expansion of exports and the improvement of domestic demand.

According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the rate of growth of Hungary's GDP will be around 1pct due to the rapid expansion of exports and the improvement of domestic demand – the latter is expected to take place only at the end of the year.
The assessment of the Hungarian economy by financial markets has deteriorated since the elections: the forint has seen a sustained weakening, and the market rate and the country risk have increased, thus the official rate of the central bank can not be cut further.

 

News Monitoring