Equilor: 3.7 percent growth and 2.4 percent inflation is expected for this year

According to the analysts of the Equilor Befektetési Zrt. (Equilor Investment Ltd.) this year, 3.7 percent economic growth and 2.4 percent inflation are expected in Hungary, Szántó András, director of retail business of the company said on Tuesday in Budapest.

The analysts of the company expect a GDP growth of 3.3 percent for the next year and a slightly upward, 2.8 percent consumer price increase.

András Szántó said that next year there will be elections but, according to them, the general government deficit will not accelerate. In 2017, the budget could be better than projected, with a 2.2 percent budget deficit. In 2018 2.6 percent is expected. (MTI)