The analysts of Takarékbank raised the forecast for this year’s GDP growth from 4.4 percent to 4.7 percent

Suppan Gergely, chief analyst of Takarékbank said at a press conference in Budapest on Thursday that the analysts of Takarékbank raised their forecasts for this year’s growth from 4.4 percent to 4.7 percent, and 3.6 percent to 3.7 percent for the next year.

He emphasized that, although their forecast may slow down somewhat, the wage outflows remain strong, so the expansion of consumption continues to support economic growth, with new family support measures already contributing this year.

He indicated that inflation could fall to close to 3 percent in the autumn, so that an annual average inflation of 3.4 percent is expected. Next year, the annual average increase in consumer prices will be 3.1 percent. (MTI)