GKI: Slowdown started

GKI Economic Research Co. predicts that the slowdown of the Hungarian economy started in the second quarter of 2015 will continue. After 3.6 per cent in 2014, the growth rate of the GDP will be 2.7 per cent in 2015 and around 2 per cent next year, mainly due to the stagnation or decline of investments. In addition, uncertainties are increasing in the world economy as well. In the second quarter of 2015 both the general government deficit and the government debt increased. However, the external balance was favourable, and deflation terminated.