The Savings Bank raised its growth forecast to 4.1 percent next year

The Savings Bank (Takarékbank) confirmed its 4.6 percent forecast for the growth of the Hungarian economy this year, basically based on the boom in investment.

However in 2019, the GDP growth is expected to be 4.1 percent, compared to the previously indicated 3.8 percent, due to the further dynamic increase in real wages and a sharp increase in consumption, and for 2020 3.5 percent is expected, 2 percentage points higher than expected before – Suppan Gergely senior analyst of the credit institution said on Friday at a press conference in Budapest. (MTI)