The Pénzügykutató Zrt. expects a GDP growth of 2.3 percent for 2016
According to the Pénzügykutató Zrt., due to a decrease in investments a further decline will occur in the growth rate of the gross domestic product (GDP). The growth rate is projected to be 2.3 percent this year, after last year's 2.9 percent – the company's recent forecast was released on Wednesday.
Smaller government deficit and debt, decreasing vulnerability due to foreign currency loans and stable surpluses in external position will allow Hungary to get out of the credit rating classification of the investment grade status. (MTI)
Related news
KSH: Investment performance fell by 12.1 percent in the first quarter of 2025
The volume of investments in the first quarter of 2025,…
Read more >For businesses to grow, expanding their credit portfolio is essential.
For businesses to grow, it is essential to expand their…
Read more >EU forecast: moderate growth expected despite global economic uncertainty
Despite heightened global political uncertainty and trade tensions, the European…
Read more >Related news
Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official…
Read more >Rules on meat products are getting stricter – a new concept is also included in the regulation
A new regulatory amendment has been proposed in Hungary: the…
Read more >EUDR country assessments – or which countries are at risk from deforestation
On 23 May, the European Commission published its country assessment…
Read more >