CIB Fund Manager: Economic growth will be around 3.8 percent this year

In Hungary, the CIB Fund Manager is expecting a recurring growth of 3.8 percent in 2018. According to the company’s expectations, global GDP could grow by 4.1 percent, after the 3.8 percent of last year, Hajdu Egon, investment manager told at the fund’s press conference in Budapest.

He explained that due to the high rate of EU borrowing and the increased EU pre-financing, a dynamic expansion of corporate investment is expected in the coming years. Favorable income and lending processes increase household investment, thus stimulating growth. (MTI)