The GKI incresaed this year’s GDP projection

The growth of the Hungarian economic was lower in the second quarter than in the first quarter, but still exceeded the EU average and the spectacular growth in investments continued. Accordingly, the GKI Economic Research Co. in its latest forecast raised its GDP forecast to 3.8 percent from the previous 3.5 percent.

In the communication sent to MTI, the GKI emphasizes that the processes are favorable in the short term, but there is still a lack of long-term solutions.

The analysis recalled that the Hungarian economy grew by 3.2 percent in the second quarter after the 4.2 percent increase in the first quarter. a major factor in the decline in the growth rate was also affected by the different number of working days, compared to last year, and considering other seasonal effects, the slow is much lower. (MTI)