The GKI raised its GDP forecast for next year
The GKI Gazdaságkutató Zrt. raised its DDP growth forecast for 2016 by 0.3 percentage points, from 2 to 2.3 percent, compared to its September forecast.
Investments will decline by 5 percent next year after this year's stagnation, while consumption will expand by 2.5 percent like this year – according to GKI.
Vértes András, chairman of the GKI at a press conference on Thursday said that the prognosis for this year was slightly modified, compared to the prognosis of September. The GKI expects a 15 percent drop in agriculture compared with the previous 10 percent.
Related news
GKI: The need for competitiveness reforms in the EU and Hungary’s role in the changes
The European Union faces significant competitive challenges, needing reforms as…
Read more >
The productivity of the workforce in the manufacturing industry in Hungary is close to stagnation
One of the central elements of the Hungarian economic development…
Read more >
GKI analysis: Labor productivity in the manufacturing industry is close to stagnation
Sorry, this entry is only available in HU.
Read more >Related news
Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are…
Read more >
Consumers are skeptical about the sustainability of companies
Since 2022, the maturity of companies in the field of…
Read more >
Internal trade slowed down massively
This morning, the Central Statistical Office published retail sales data…
Read more >
