Equilor: GDP may increase by 3.1 percent this year

According to the experts of the Equilor Befektetési Zrt. (Equilor Investment Ltd.) this year the, gross domestic product (GDP) may expand by 3.1 percent and it may grow with 2.7 percent next year.

Szántó András, director of Equilor's retail business department told at a press conference in Budapest on Tuesday that inflation this year will be 0.1 percent and 1.5 percent is expected for the next year. He added that the analysts of Equilor expect that the euro exchange rate this year may vary between 305-320 HUF. In their view, the USD will exceed the 300 HUF exchange rate in 2016, and may also increase up to 330 HUF. (MTI)