GKI: 2.5 percent GDP growth, inflation may be 0.5 percent this year

The GKI improved its growth forecast for 2014, so the gross domestic product (GDP) growth will be around 2.5 percent and a much lower 0.5 percent inflation is expected.

In the company's March forecast 1.5 percent GDP growth and 1.3 percent Consumer Price Index increase was reported.

At the press conference on Wednesday describing the latest forecast Vértes András, Chairman of GKI stressed that the government deficit to GDP ratio in 2014 is projected to be 2.9 percent – but to reach this goal a 100-200 billion HUF worth adjustment will be needed during the year. (MTI)