Concorde: Hungary’s GDP growth may be over 3 percent this year

The Hungarian GDP growth this year may range between 3-4 percent, and next year it is expected to increase over 3 percent, due to the retail wage growth and the expected fiscal stimulus, while the European Union’s economy may grow by 1.5-2 percent this year – Samu János, senior analyst of the Concorde Értékpapír Zrt. (Concorde Securities Zrt.) told at a news conference on Thursday.

He stressed that the internal increase can be also strengthened by EU supports. He added that inflation will be around 2 percent by the end of the year and the exchange rate of the forint will be stable or slightly strenghten this year. He emphasized that the Hungarian economy has a significant export surplus, the public and the banking system’s risky foreign debts declined substantially in recent years. (MTI)